Cleanspark (FRA:3UX) COGS-to-Revenue : 0.31 (As of Mar. 2024)

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What is Cleanspark COGS-to-Revenue?

Cleanspark's Cost of Goods Sold for the three months ended in Mar. 2024 was €31.6 Mil. Its Revenue for the three months ended in Mar. 2024 was €102.9 Mil.

Cleanspark's COGS to Revenue for the three months ended in Mar. 2024 was 0.31.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cleanspark's Gross Margin % for the three months ended in Mar. 2024 was 69.32%.

Cleanspark COGS-to-Revenue Historical Data

The historical data trend for Cleanspark'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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Cleanspark COGS-to-Revenue Chart

Cleanspark Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

COGS-to-Revenue

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0.85

0.79

0.13

0.61

0.82

Cleanspark Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.52	0.69	0.87	0.60	0.31

Cleanspark COGS-to-Revenue Calculation

Cleanspark's COGS to Revenue for the fiscal year that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	130.519	/	159.07
	=	0.82

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	31.554	/	102.855
	=	0.31

Cleanspark (FRA:3UX) COGS-to-Revenue Explanation

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

Cleanspark'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	-	31.554 / 102.855
	=	69.32 %

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.

Cleanspark COGS-to-Revenue Related Terms

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Cleanspark (FRA:3UX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cleanspark Inc (FRA:3UX) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

CLSK:USA CLSK:Mexico

Address

2370 Corporate Circle, Suite 160, Henderson, NV, USA, 89074

Website

https://www.cleanspark.com

Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.

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