Fortuna Silver Mines (XSWX:FVI) COGS-to-Revenue : 0.80 (As of Dec. 2023)

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What is Fortuna Silver Mines COGS-to-Revenue?

Fortuna Silver Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF184.6 Mil. Its Revenue for the three months ended in Dec. 2023 was CHF229.4 Mil.

Fortuna Silver Mines's COGS to Revenue for the three months ended in Dec. 2023 was 0.80.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fortuna Silver Mines's Gross Margin % for the three months ended in Dec. 2023 was 19.54%.

Fortuna Silver Mines COGS-to-Revenue Historical Data

The historical data trend for Fortuna Silver Mines'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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Fortuna Silver Mines COGS-to-Revenue Chart

Fortuna Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

0.60

0.66

0.78

0.77

Fortuna Silver Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.84	0.77	0.80	0.73	0.80

Fortuna Silver Mines COGS-to-Revenue Calculation

Fortuna Silver Mines's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	564.198	/	728.532
	=	0.77

Fortuna Silver Mines's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	184.602	/	229.444
	=	0.80

Fortuna Silver Mines (XSWX:FVI) COGS-to-Revenue Explanation

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

Fortuna Silver Mines's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	184.602 / 229.444
	=	19.54 %

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.

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Fortuna Silver Mines (XSWX:FVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Silver Mines Inc (XSWX:FVI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FSM:USA F4S:Germany FVI:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunasilver.com

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.