Christina Lake Cannabis (Christina Lake Cannabis) COGS-to-Revenue : 0.34 (As of Nov. 2023)

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What is Christina Lake Cannabis COGS-to-Revenue?

Christina Lake Cannabis's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.71 Mil. Its Revenue for the three months ended in Nov. 2023 was $2.07 Mil.

Christina Lake Cannabis's COGS to Revenue for the three months ended in Nov. 2023 was 0.34.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Christina Lake Cannabis's Gross Margin % for the three months ended in Nov. 2023 was 65.83%.

Christina Lake Cannabis COGS-to-Revenue Historical Data

The historical data trend for Christina Lake Cannabis'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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Christina Lake Cannabis COGS-to-Revenue Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

COGS-to-Revenue

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0.98

0.70

0.69

Christina Lake Cannabis Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
COGS-to-Revenue	Get a 7-Day Free Trial															0.83	0.93	0.86	0.69	0.34

Christina Lake Cannabis COGS-to-Revenue Calculation

Christina Lake Cannabis's COGS to Revenue for the fiscal year that ended in Nov. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5.962	/	8.594
	=	0.69

Christina Lake Cannabis's COGS to Revenue for the quarter that ended in Nov. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.708	/	2.072
	=	0.34

Christina Lake Cannabis (OTCPK:CLCFF) COGS-to-Revenue Explanation

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

Christina Lake Cannabis's Gross Margin % for the three months ended in Nov. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.708 / 2.072
	=	65.83 %

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.

Christina Lake Cannabis COGS-to-Revenue Related Terms

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Christina Lake Cannabis (Christina Lake Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.