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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) COGS-to-Revenue : 0.23 (As of Mar. 2024)


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What is Labrador Iron Ore Royalty COGS-to-Revenue?

Labrador Iron Ore Royalty's Cost of Goods Sold for the three months ended in Mar. 2024 was $9.5 Mil. Its Revenue for the three months ended in Mar. 2024 was $41.7 Mil.

Labrador Iron Ore Royalty's COGS to Revenue for the three months ended in Mar. 2024 was 0.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Labrador Iron Ore Royalty's Gross Margin % for the three months ended in Mar. 2024 was 77.28%.

Labrador Iron Ore Royalty COGS-to-Revenue Historical Data

The historical data trend for Labrador Iron Ore Royalty'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.

Labrador Iron Ore Royalty COGS-to-Revenue Chart

Labrador Iron Ore Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.23 0.22 0.23 0.23

Labrador Iron Ore Royalty 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.23 0.23 0.22 0.23

Labrador Iron Ore Royalty COGS-to-Revenue Calculation

Labrador Iron Ore Royalty's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=34.085 / 149.199
=0.23

Labrador Iron Ore Royalty's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=9.47 / 41.676
=0.23

* 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.

Labrador Iron Ore Royalty  (OTCPK:LIFZF) COGS-to-Revenue Explanation

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

Labrador Iron Ore Royalty'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 - 9.47 / 41.676
=77.28 %

* 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.

Labrador Iron Ore Royalty COGS-to-Revenue Related Terms

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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » COGS-to-Revenue
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TSX:STLC TSX:ASTL TSX:TSL NUE BOM:500228 NSE:TATASTEEL XKRX:005490 SHSE:600019 STLD XAMS:MT TSE:5401 MIC:CHMF RS TPE:2002 BOM:532286 SZSE:000708 SHSE:600010 TSE:5411 BOM:526371 TX
Traded in Other Exchanges
LIF:Canada
Address
235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3
Website
https://www.labradorironore.com
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Headlines

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