CNTM (ConnectM Technology Solutions) COGS-to-Revenue : 0.69 (As of Sep. 2024)

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What is ConnectM Technology Solutions COGS-to-Revenue?

ConnectM Technology Solutions's Cost of Goods Sold for the three months ended in Sep. 2024 was $4.20 Mil. Its Revenue for the three months ended in Sep. 2024 was $6.07 Mil.

ConnectM Technology Solutions's COGS to Revenue for the three months ended in Sep. 2024 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ConnectM Technology Solutions's Gross Margin % for the three months ended in Sep. 2024 was 30.85%.

ConnectM Technology Solutions COGS-to-Revenue Historical Data

The historical data trend for ConnectM Technology Solutions'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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ConnectM Technology Solutions COGS-to-Revenue Chart

ConnectM Technology Solutions Annual Data

Trend

Dec21

Dec22

COGS-to-Revenue

0.79

0.74

ConnectM Technology Solutions Quarterly Data
	Dec21	Sep22	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial			-	0.85	0.66	-	0.69

ConnectM Technology Solutions COGS-to-Revenue Calculation

ConnectM Technology Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11.404	/	15.441
	=	0.74

ConnectM Technology Solutions's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.2	/	6.074
	=	0.69

ConnectM Technology Solutions (NAS:CNTM) COGS-to-Revenue Explanation

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

ConnectM Technology Solutions's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4.2 / 6.074
	=	30.85 %

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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ConnectM Technology Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConnectM Technology Solutions Inc (NAS:CNTM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Mount Royal Avenue, Suite 550, Marlborough, MA, USA, 01752

Website

https://www.connectm.com

ConnectM Technology Solutions Inc is a clean energy technology and solutions provider. The company provides residential and light commercial buildings and all-electric original equipment manufacturers (OEMs) with a proprietary digital platform to accelerate the transition to solar and all-electric heating, cooling and transportation. The group makes electrification more user-friendly, affordable, precise, and socially meaningful by combining technology, data, artificial intelligence, and contemporary design. In addition to its vertically integrated service network, ConnectM offers customers a comprehensive technology stack that enables them to reduce their fossil fuel consumption, lower their energy bills, and decrease their carbon footprint.