Amerigo Resources (Amerigo Resources) COGS-to-Revenue : 0.89 (As of Mar. 2024)

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What is Amerigo Resources COGS-to-Revenue?

Amerigo Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $60.4 Mil. Its Revenue for the three months ended in Mar. 2024 was $68.2 Mil.

Amerigo Resources's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Amerigo Resources's Gross Margin % for the three months ended in Mar. 2024 was 11.44%.

Amerigo Resources COGS-to-Revenue Historical Data

The historical data trend for Amerigo Resources'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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Amerigo Resources COGS-to-Revenue Chart

Amerigo Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.00

0.91

0.76

0.89

0.94

Amerigo Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.83	1.06	1.04	0.91	0.89

Amerigo Resources COGS-to-Revenue Calculation

Amerigo Resources's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	227.002	/	241.157
	=	0.94

Amerigo Resources's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	60.436	/	68.241
	=	0.89

Amerigo Resources (OTCPK:ARREF) COGS-to-Revenue Explanation

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

Amerigo Resources's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	60.436 / 68.241
	=	11.44 %

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.

Amerigo Resources COGS-to-Revenue Related Terms

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Amerigo Resources (Amerigo Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (OTCPK:ARREF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

RE8:Germany ARG:Canada

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.amerigoresources.com

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.