HAPBF (Hapbee Technologies) COGS-to-Revenue : 0.28 (As of Sep. 2024)

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What is Hapbee Technologies COGS-to-Revenue?

Hapbee Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.04 Mil. Its Revenue for the three months ended in Sep. 2024 was $0.15 Mil.

Hapbee Technologies's COGS to Revenue for the three months ended in Sep. 2024 was 0.28.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hapbee Technologies's Gross Margin % for the three months ended in Sep. 2024 was 71.52%.

Hapbee Technologies COGS-to-Revenue Historical Data

The historical data trend for Hapbee Technologies'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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Hapbee Technologies COGS-to-Revenue Chart

Hapbee Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.78

0.72

0.48

0.58

Hapbee Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.29	0.52	0.18	0.27	0.28

Hapbee Technologies COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.552	/	0.952
	=	0.58

Hapbee Technologies's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.043	/	0.151
	=	0.28

Hapbee Technologies (OTCPK:HAPBF) COGS-to-Revenue Explanation

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

Hapbee Technologies's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.043 / 0.151
	=	71.52 %

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.

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Hapbee Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hapbee Technologies Inc (OTCPK:HAPBF) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

HA1:Germany HAPB:Canada

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.hapbee.com

Hapbee Technologies Inc is engaged in developing and marketing wearable fitness and wellness products. The company's core product, Hapbee Wearable Wellness Product, is a wearable device that allows wearers to choose how they feel by producing a variety of sensations by playing precise electromagnetic fields. The sensations fall under several broad categories such as Happy, Alert, Relax, Calm, Sleepy, and Focus.