Wide Open Agriculture (ASX:WOA) COGS-to-Revenue : 0.88 (As of Dec. 2023)

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What is Wide Open Agriculture COGS-to-Revenue?

Wide Open Agriculture's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5.01 Mil. Its Revenue for the six months ended in Dec. 2023 was A$5.67 Mil.

Wide Open Agriculture's COGS to Revenue for the six months ended in Dec. 2023 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wide Open Agriculture's Gross Margin % for the six months ended in Dec. 2023 was 11.72%.

Wide Open Agriculture COGS-to-Revenue Historical Data

The historical data trend for Wide Open Agriculture'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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Wide Open Agriculture COGS-to-Revenue Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

0.88

0.81

0.86

0.90

0.89

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial							0.92	0.89	0.92	0.87	0.88

Wide Open Agriculture COGS-to-Revenue Calculation

Wide Open Agriculture's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	10.745	/	12.046
	=	0.89

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5.009	/	5.674
	=	0.88

Wide Open Agriculture (ASX:WOA) COGS-to-Revenue Explanation

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

Wide Open Agriculture'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	-	5.009 / 5.674
	=	11.72 %

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.

Wide Open Agriculture COGS-to-Revenue Related Terms

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Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

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