Vection Technologies (ASX:VR1) COGS-to-Revenue : 0.82 (As of Dec. 2023)

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What is Vection Technologies COGS-to-Revenue?

Vection Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$9.02 Mil. Its Revenue for the six months ended in Dec. 2023 was A$10.93 Mil.

Vection Technologies's COGS to Revenue for the six months ended in Dec. 2023 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Vection Technologies's Gross Margin % for the six months ended in Dec. 2023 was 17.50%.

Vection Technologies COGS-to-Revenue Historical Data

The historical data trend for Vection Technologies'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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Vection Technologies COGS-to-Revenue Chart

Vection Technologies Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.26

0.67

0.76

Vection Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial									0.64	0.69	0.59	0.84	0.82

Vection Technologies COGS-to-Revenue Calculation

Vection Technologies's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19.281	/	25.332
	=	0.76

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9.016	/	10.929
	=	0.82

Vection Technologies (ASX:VR1) COGS-to-Revenue Explanation

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

Vection Technologies'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	-	9.016 / 10.929
	=	17.50 %

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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Vection Technologies (ASX:VR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vection Technologies Ltd (ASX:VR1) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

355 Scarborough Beach Road, Level 4, Building C, Garden Office Park, Osborne Park, WA, AUS, 6017

Website

https://www.vection.com.au

Vection Technologies Ltd is a software company that focuses on real-time technologies for industrial companies' digital transformation, Through a combination of 3D, Virtual Reality, Augmented Reality, Industrial IoT, and CAD solutions. It operates in two segments namely Information Technology(IT) development division and Outsourced services division. The majority of the revenue is derived from the IT development division. Mindesk, EnWorks, 3DFrame, Configurator and XRKiosk are the products of the company.

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