Lucara Diamond (LTS:0QUI) COGS-to-Revenue : 0.71 (As of Mar. 2024)

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What is Lucara Diamond COGS-to-Revenue?

Lucara Diamond's Cost of Goods Sold for the three months ended in Mar. 2024 was kr304 Mil. Its Revenue for the three months ended in Mar. 2024 was kr428 Mil.

Lucara Diamond's COGS to Revenue for the three months ended in Mar. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lucara Diamond's Gross Margin % for the three months ended in Mar. 2024 was 28.96%.

Lucara Diamond COGS-to-Revenue Historical Data

The historical data trend for Lucara Diamond'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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Lucara Diamond COGS-to-Revenue Chart

Lucara Diamond Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

1.06

0.67

0.60

0.66

Lucara Diamond 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															0.66	0.58	0.60	0.84	0.71

Lucara Diamond COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1199.678	/	1819.401
	=	0.66

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	304.218	/	428.258
	=	0.71

Lucara Diamond (LTS:0QUI) COGS-to-Revenue Explanation

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

Lucara Diamond'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	-	304.218 / 428.258
	=	28.96 %

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.

Lucara Diamond COGS-to-Revenue Related Terms

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Lucara Diamond (LTS:0QUI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucara Diamond Corp (LTS:0QUI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LUCRF:USA LUC:Sweden LKT:Germany LUC:Canada LUC:Botswana

Address

1250 Homer Street, 502, Vancouver, BC, CAN, V6B 2Y5

Website

http://www.lucaradiamond.com

Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.

Lucara Diamond (LTS:0QUI) Headlines

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