C21 Investments (C21 Investments) COGS-to-Revenue : 0.60 (As of Oct. 2023)

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What is C21 Investments COGS-to-Revenue?

C21 Investments's Cost of Goods Sold for the three months ended in Oct. 2023 was $4.13 Mil. Its Revenue for the three months ended in Oct. 2023 was $6.88 Mil.

C21 Investments's COGS to Revenue for the three months ended in Oct. 2023 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. C21 Investments's Gross Margin % for the three months ended in Oct. 2023 was 40.00%.

C21 Investments COGS-to-Revenue Historical Data

The historical data trend for C21 Investments'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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C21 Investments COGS-to-Revenue Chart

C21 Investments Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

COGS-to-Revenue

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0.93

0.65

0.46

0.43

0.54

C21 Investments Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
COGS-to-Revenue	Get a 7-Day Free Trial															0.46	0.77	0.65	0.60	0.60

C21 Investments COGS-to-Revenue Calculation

C21 Investments's COGS to Revenue for the fiscal year that ended in Jan. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	15.487	/	28.888
	=	0.54

C21 Investments's COGS to Revenue for the quarter that ended in Oct. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.129	/	6.882
	=	0.60

C21 Investments (OTCPK:CXXIF) COGS-to-Revenue Explanation

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

C21 Investments's Gross Margin % for the three months ended in Oct. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4.129 / 6.882
	=	40.00 %

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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C21 Investments (C21 Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » C21 Investments Inc (OTCPK:CXXIF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CXXI:Canada

Address

601 West Cordova Street, Suite 280, Vancouver, BC, CAN, V6B 1G1

Website

https://www.cxxi.ca

C21 Investments Inc is a vertically integrated cannabis company. It cultivates, processes, manufactures, and distributes cannabis and hemp-derived consumer products. C21's focus is to expand where the company can wholly own indoor or outdoor cultivation operations, extraction facilities, bakeries, branded products, and retail dispensaries with a large distribution network.