Cannibble Food Tech (XCNQ:PLCN) COGS-to-Revenue : 0.15 (As of Sep. 2023)

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What is Cannibble Food Tech COGS-to-Revenue?

Cannibble Food Tech's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.01 Mil. Its Revenue for the three months ended in Sep. 2023 was C$0.08 Mil.

Cannibble Food Tech's COGS to Revenue for the three months ended in Sep. 2023 was 0.15.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cannibble Food Tech's Gross Margin % for the three months ended in Sep. 2023 was 85.19%.

Cannibble Food Tech COGS-to-Revenue Historical Data

The historical data trend for Cannibble Food Tech's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cannibble Food Tech COGS-to-Revenue Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

COGS-to-Revenue

0.59

0.84

0.92

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial							18.67	0.45	1.68	-	0.15

Cannibble Food Tech COGS-to-Revenue Calculation

Cannibble Food Tech's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.122	/	0.132
	=	0.92

Cannibble Food Tech's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.012	/	0.081
	=	0.15

Cannibble Food Tech (XCNQ:PLCN) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Cannibble Food Tech's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.012 / 0.081
	=	85.19 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cannibble Food Tech COGS-to-Revenue Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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