Airiq (AILQF) COGS-to-Revenue : 0.36 (As of Dec. 2023)

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What is Airiq COGS-to-Revenue?

Airiq's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.32 Mil. Its Revenue for the three months ended in Dec. 2023 was $0.89 Mil.

Airiq's COGS to Revenue for the three months ended in Dec. 2023 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Airiq's Gross Margin % for the three months ended in Dec. 2023 was 64.09%.

Airiq COGS-to-Revenue Historical Data

The historical data trend for Airiq'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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Airiq COGS-to-Revenue Chart

Airiq Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.43

0.49

0.33

0.39

0.40

Airiq 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															0.42	0.38	0.45	0.40	0.36

Airiq COGS-to-Revenue Calculation

Airiq's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.471	/	3.69
	=	0.40

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.321	/	0.894
	=	0.36

Airiq (OTCPK:AILQF) COGS-to-Revenue Explanation

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

Airiq'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	-	0.321 / 0.894
	=	64.09 %

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.

Airiq COGS-to-Revenue Related Terms

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Airiq (AILQF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airiq Inc (OTCPK:AILQF) » Definitions » COGS-to-Revenue

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IQ:Canada

Address

1099 Kingstone Road, Suite 207, Pickering, ON, CAN, L1V 1B5

Website

https://www.airiq.com

Airiq Inc is a pioneer in IoT-based asset management solutions. Its solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real-time. The company develops iOS and Android mobile and web-based applications, and cloud-based solutions that are standalone or that can be readily integrated with existing software. Its solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.