Element 29 Resources (Element 29 Resources) COGS-to-Revenue : 0.00 (As of Mar. 2024)

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What is Element 29 Resources COGS-to-Revenue?

Element 29 Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.00 Mil.

Element 29 Resources's COGS to Revenue for the three months ended in Mar. 2024 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Element 29 Resources's Gross Margin % for the three months ended in Mar. 2024 was %.

Element 29 Resources COGS-to-Revenue Historical Data

The historical data trend for Element 29 Resources'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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Element 29 Resources COGS-to-Revenue Chart

Element 29 Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Element 29 Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial													-	-	-	-	-

Element 29 Resources COGS-to-Revenue Calculation

Element 29 Resources's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.03	/	0
	=

Element 29 Resources's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.005	/	0
	=

Element 29 Resources (OTCPK:EMTRF) COGS-to-Revenue Explanation

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

Element 29 Resources'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	-	0.005 / 0
	=	%

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.

Element 29 Resources COGS-to-Revenue Related Terms

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Element 29 Resources (Element 29 Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Element 29 Resources Inc (OTCPK:EMTRF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

2IK:Germany ECU:Canada

Address

1650 - 1066 West Hastings Street, Vancouver, BC, CAN, V6C3X1

Website

https://www.e29copper.com

Element 29 Resources Inc is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties. Its projects include the Flor de Cobre copper project and the Elida copper Project, among others. It has one business segment, the exploration of mineral properties. The company's properties are located in Peru.

Element 29 Resources (Element 29 Resources) Headlines

From GuruFocus

Element 29 Resources Inc at OTC Markets Battery & Precious Metals Virtual Investor Conference Transcript

By GuruFocus Research • 02-13-2024