The Lion Electric Co (The Lion Electric Co) COGS-to-Revenue : 1.20 (As of Mar. 2024)

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What is The Lion Electric Co COGS-to-Revenue?

The Lion Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $66.6 Mil. Its Revenue for the three months ended in Mar. 2024 was $55.5 Mil.

The Lion Electric Co's COGS to Revenue for the three months ended in Mar. 2024 was 1.20.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. The Lion Electric Co's Gross Margin % for the three months ended in Mar. 2024 was -20.09%.

The Lion Electric Co COGS-to-Revenue Historical Data

The historical data trend for The Lion Electric Co'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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The Lion Electric Co COGS-to-Revenue Chart

The Lion Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.67

0.87

1.00

1.09

1.02

The Lion Electric Co Quarterly Data
	Dec19	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												1.04	0.99	0.93	1.15	1.20

The Lion Electric Co COGS-to-Revenue Calculation

The Lion Electric Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	259.02	/	253.496
	=	1.02

The Lion Electric Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	66.625	/	55.481
	=	1.20

The Lion Electric Co (NYSE:LEV) COGS-to-Revenue Explanation

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

The Lion Electric Co'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	-	66.625 / 55.481
	=	-20.09 %

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.

The Lion Electric Co COGS-to-Revenue Related Terms

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The Lion Electric Co (The Lion Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Lion Electric Co (NYSE:LEV) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

70U:Germany LEV:Canada

Address

921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2

Website

https://www.thelionelectric.com

The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.