Evolv Technologies Holdings (Evolv Technologies Holdings) COGS-to-Revenue : 0.46 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Evolv Technologies Holdings COGS-to-Revenue?

Evolv Technologies Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $9.90 Mil. Its Revenue for the three months ended in Mar. 2024 was $21.67 Mil.

Evolv Technologies Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Evolv Technologies Holdings's Gross Margin % for the three months ended in Mar. 2024 was 54.33%.

Evolv Technologies Holdings COGS-to-Revenue Historical Data

The historical data trend for Evolv Technologies Holdings'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.

* Premium members only.

Evolv Technologies Holdings COGS-to-Revenue Chart

Evolv Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.91

0.73

0.83

0.97

0.58

Evolv Technologies Holdings Quarterly Data
	Dec19	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												0.74	0.63	0.44	0.53	0.46

Evolv Technologies Holdings COGS-to-Revenue Calculation

Evolv Technologies Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	46.589	/	80.418
	=	0.58

Evolv Technologies Holdings's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9.896	/	21.668
	=	0.46

Evolv Technologies Holdings (NAS:EVLVW) COGS-to-Revenue Explanation

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

Evolv Technologies Holdings'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	-	9.896 / 21.668
	=	54.33 %

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.

Evolv Technologies Holdings COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Evolv Technologies Holdings's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Evolv Technologies Holdings (Evolv Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Evolv Technologies Holdings Inc (NAS:EVLVW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

EVLV:USA

Address

500 Totten Pond Road, 4th Floor, Waltham, MA, USA, 02451

Website

https://www.evolvtechnology.com

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.