Clubhouse Media Group (Clubhouse Media Group) COGS-to-Revenue : 0.68 (As of Mar. 2024)

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What is Clubhouse Media Group COGS-to-Revenue?

Clubhouse Media Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.27 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.40 Mil.

Clubhouse Media Group's COGS to Revenue for the three months ended in Mar. 2024 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Clubhouse Media Group's Gross Margin % for the three months ended in Mar. 2024 was 31.84%.

Clubhouse Media Group COGS-to-Revenue Historical Data

The historical data trend for Clubhouse Media Group'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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Clubhouse Media Group COGS-to-Revenue Chart

Clubhouse Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.57

0.82

0.76

0.65

Clubhouse Media Group 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															0.62	0.62	0.46	-	0.68

Clubhouse Media Group COGS-to-Revenue Calculation

Clubhouse Media Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.971	/	1.495
	=	0.65

Clubhouse Media Group's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.274	/	0.402
	=	0.68

Clubhouse Media Group (OTCPK:CMGR) COGS-to-Revenue Explanation

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

Clubhouse Media Group'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	-	0.274 / 0.402
	=	31.84 %

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.

Clubhouse Media Group COGS-to-Revenue Related Terms

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Clubhouse Media Group (Clubhouse Media Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Clubhouse Media Group Inc (OTCPK:CMGR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

3651 Lindell Road, Suite D517, Las Vegas, NV, USA, 89103

Website

https://www.clubhousemediagroup.com

Clubhouse Media Group Inc is a media and marketing company that runs content houses. It offers management, production, and deal-making services to its influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space.

Executives

Christian Jonathan Young

director, officer: Former Officer and Director

1744 VIRGINIA AVE, GLENDALE CA 91202