LVGI (Limitless Venture Group) COGS-to-Revenue : 0.54 (As of Jun. 2022)

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What is Limitless Venture Group COGS-to-Revenue?

Limitless Venture Group's Cost of Goods Sold for the six months ended in Jun. 2022 was $0.38 Mil. Its Revenue for the six months ended in Jun. 2022 was $0.70 Mil.

Limitless Venture Group's COGS to Revenue for the six months ended in Jun. 2022 was 0.54.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Limitless Venture Group's Gross Margin % for the six months ended in Jun. 2022 was 45.85%.

Limitless Venture Group COGS-to-Revenue Historical Data

The historical data trend for Limitless Venture Group'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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Limitless Venture Group COGS-to-Revenue Chart

Limitless Venture Group Annual Data

Trend

COGS-to-Revenue

Limitless Venture Group Semi-Annual Data
	Jun21	Jun22
COGS-to-Revenue	0.66	0.54

Limitless Venture Group COGS-to-Revenue Calculation

Limitless Venture Group's COGS to Revenue for the fiscal year that ended in . 20 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=		/
	=

Limitless Venture Group's COGS to Revenue for the quarter that ended in Jun. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.378	/	0.698
	=	0.54

Limitless Venture Group (OTCPK:LVGI) COGS-to-Revenue Explanation

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

Limitless Venture Group's Gross Margin % for the six months ended in Jun. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.378 / 0.698
	=	45.85 %

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.

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Limitless Venture Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Limitless Venture Group Inc (OTCPK:LVGI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

121 East 35 Street, Tulsa, OK, USA, 74105

Website

https://www.lvginc.com

Limitless Venture Group Inc provides its shareholders with access to leading small and medium businesses. The company owns controlling interests in its subsidiary businesses and partners with their management teams to build businesses that can unlock vital value for shareholders.