Argo Blockchain (LSE:ARB) COGS-to-Revenue : 0.89 (As of Mar. 2024)

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What is Argo Blockchain COGS-to-Revenue?

Argo Blockchain's Cost of Goods Sold for the three months ended in Mar. 2024 was £11.79 Mil. Its Revenue for the three months ended in Mar. 2024 was £13.25 Mil.

Argo Blockchain's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Argo Blockchain's Gross Margin % for the three months ended in Mar. 2024 was 11.05%.

Argo Blockchain COGS-to-Revenue Historical Data

The historical data trend for Argo Blockchain'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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Argo Blockchain COGS-to-Revenue Chart

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.68

0.79

0.28

1.73

0.93

Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial													1.08	1.03	1.05	0.66	0.89

Argo Blockchain COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	42.567	/	45.6
	=	0.93

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11.788	/	13.253
	=	0.89

Argo Blockchain (LSE:ARB) COGS-to-Revenue Explanation

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

Argo Blockchain'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	-	11.788 / 13.253
	=	11.05 %

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.

Argo Blockchain COGS-to-Revenue Related Terms

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Argo Blockchain (LSE:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (LSE:ARB) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ARBK:USA ARBKF:USA ARBl:UK 0XP:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.