GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitFuFu Inc (NAS:FUFU) » Definitions » COGS-to-Revenue

BitFuFu (BitFuFu) COGS-to-Revenue : 0.99 (As of Dec. 2023)


View and export this data going back to 2024. Start your Free Trial

What is BitFuFu COGS-to-Revenue?

BitFuFu's Cost of Goods Sold for the six months ended in Dec. 2023 was $147.9 Mil. Its Revenue for the six months ended in Dec. 2023 was $149.9 Mil.

BitFuFu's COGS to Revenue for the six months ended in Dec. 2023 was 0.99.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. BitFuFu's Gross Margin % for the six months ended in Dec. 2023 was 1.34%.

BitFuFu COGS-to-Revenue Historical Data

The historical data trend for BitFuFu'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.

BitFuFu COGS-to-Revenue Chart

BitFuFu Annual Data
Trend Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
- 0.91 0.82 0.96

BitFuFu Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
COGS-to-Revenue Get a 7-Day Free Trial 0.90 0.83 0.81 0.92 0.99

BitFuFu COGS-to-Revenue Calculation

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

COGS to Revenue=Cost of Goods Sold / Revenue
=271.393 / 284.106
=0.96

BitFuFu's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=147.863 / 149.869
=0.99

* 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.

BitFuFu  (NAS:FUFU) COGS-to-Revenue Explanation

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

BitFuFu's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 147.863 / 149.869
=1.34 %

* 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.

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.

BitFuFu COGS-to-Revenue Related Terms

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

BitFuFu (BitFuFu) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitFuFu Inc (NAS:FUFU) » Definitions » COGS-to-Revenue
Comparable Companies
Traded in Other Exchanges
N/A
Address
111 North Bridge Road, 15-01 Peninsula Plaza, Singapore, SGP, 179098
Website
BitFuFu Inc is a digital asset mining service and cloud-mining service provider, dedicated to fostering a secure, compliant, and transparent blockchain infrastructure. It provides stable and intelligent digital asset mining solutions, including one-stop cloud-mining services and miner hosting services to institutional customers and individual digital asset.

BitFuFu (BitFuFu) Headlines

From GuruFocus

BitFuFu Files 2023 Annual Report on Form 20-F

By Marketwired • 04-26-2024

BitFuFu Files 2023 Annual Report on Form 20-F

By GlobeNewswire • 04-26-2024