Nova Cannabis (FRA:2LK) COGS-to-Revenue : 0.75 (As of Mar. 2024)

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What is Nova Cannabis COGS-to-Revenue?

Nova Cannabis's Cost of Goods Sold for the three months ended in Mar. 2024 was €32.9 Mil. Its Revenue for the three months ended in Mar. 2024 was €43.7 Mil.

Nova Cannabis's COGS to Revenue for the three months ended in Mar. 2024 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nova Cannabis's Gross Margin % for the three months ended in Mar. 2024 was 24.56%.

Nova Cannabis COGS-to-Revenue Historical Data

The historical data trend for Nova Cannabis'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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Nova Cannabis COGS-to-Revenue Chart

Nova Cannabis Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.68

0.67

0.81

0.76

Nova Cannabis 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												0.79	0.77	0.75	0.75	0.75

Nova Cannabis COGS-to-Revenue Calculation

Nova Cannabis's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	135.156	/	177.252
	=	0.76

Nova Cannabis's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	32.946	/	43.673
	=	0.75

Nova Cannabis (FRA:2LK) COGS-to-Revenue Explanation

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

Nova Cannabis'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	-	32.946 / 43.673
	=	24.56 %

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.

Nova Cannabis COGS-to-Revenue Related Terms

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Nova Cannabis (FRA:2LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Cannabis Inc (FRA:2LK) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NVACF:USA NOVC:Canada

Address

101, 17220 Stony Plain Road NW, Edmonton, AB, CAN, T5S 1K6

Website

https://www.novacannabisstore.com

Nova Cannabis Inc is engaged in the operation of retail cannabis stores in Canada. It operates approximately 88 retail cannabis stores in Alberta, 16 in Ontario, and one in Saskatchewan. Some of its brands are Value Buds and Sweet Tree Cannabis Co. The company's products include Dried flowers, Pre-rolls, Candy and Cartridges, among others.

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