Fortuna Mining (LTS:0QYM) COGS-to-Revenue : 0.60 (As of Mar. 2025)

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What is Fortuna Mining COGS-to-Revenue?

Fortuna Mining's Cost of Goods Sold for the three months ended in Mar. 2025 was C$250 Mil. Its Revenue for the three months ended in Mar. 2025 was C$417 Mil.

Fortuna Mining's COGS to Revenue for the three months ended in Mar. 2025 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fortuna Mining's Gross Margin % for the three months ended in Mar. 2025 was 39.94%.

Fortuna Mining COGS-to-Revenue Historical Data

The historical data trend for Fortuna Mining'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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Fortuna Mining COGS-to-Revenue Chart

Fortuna Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.60

0.66

0.78

0.77

0.68

Fortuna Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.65	0.69	0.68	0.65	0.60

Fortuna Mining COGS-to-Revenue Calculation

Fortuna Mining's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1023.547	/	1513.084
	=	0.68

Fortuna Mining's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	250.183	/	416.532
	=	0.60

Fortuna Mining (LTS:0QYM) COGS-to-Revenue Explanation

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

Fortuna Mining's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	250.183 / 416.532
	=	39.94 %

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.

Fortuna Mining COGS-to-Revenue Related Terms

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Fortuna Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FSM:USA FVI N:Mexico F4S0:Germany F4S0:Germany FVI:Canada

Address

1111 Melville Street, Suite 820, Vancouver, BC, CAN, V6E 3V6

Website

https://www.fortunamining.com

Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico, and Peru. The company's segment consists of Mansfield, Sanu, Sango, Cuzcatlan, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d'Ivoire location.

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