Dragon Mining (ASX:DRA) COGS-to-Revenue : 0.93 (As of Dec. 2023)

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What is Dragon Mining COGS-to-Revenue?

Dragon Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was A$25.40 Mil. Its Revenue for the six months ended in Dec. 2023 was A$27.34 Mil.

Dragon Mining's COGS to Revenue for the six months ended in Dec. 2023 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Dragon Mining's Gross Margin % for the six months ended in Dec. 2023 was 7.09%.

Dragon Mining COGS-to-Revenue Historical Data

The historical data trend for Dragon Mining'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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Dragon Mining COGS-to-Revenue Chart

Dragon Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.80

0.75

0.79

0.86

0.90

Dragon Mining Semi-Annual Data
	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.70	0.73	0.97	0.88	0.93

Dragon Mining COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	54.55	/	60.495
	=	0.90

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25.402	/	27.34
	=	0.93

Dragon Mining (ASX:DRA) COGS-to-Revenue Explanation

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

Dragon Mining's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	25.402 / 27.34
	=	7.09 %

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.

Dragon Mining COGS-to-Revenue Related Terms

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Dragon Mining (ASX:DRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dragon Mining Ltd (ASX:DRA) » Definitions » COGS-to-Revenue

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01712:Hong Kong

Address

39 Mends Street, Unit 202, Level 2, South Perth, Perth, WA, AUS, 6151

Website

https://www.dragonmining.com

Dragon Mining Ltd is principally engaged in gold exploration, mining, and processing in the Nordic region. The company's operating segments are Sweden and Finland. Dragon Mining (Sweden) AB produces gold bullion from the Svartliden Production Centre and processed ore from test-mining activities at the Faboliden Gold Mine. Dragon Mining Oy in Finland produces gold concentrate from the Vammala Production Centre and processed ore from the Jokisivu, Kaapelinkulma, and Orivesi Gold Mines.

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