MDNGF (Midnight Sun Mining) COGS-to-Revenue : 0.00 (As of Dec. 2024)

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What is Midnight Sun Mining COGS-to-Revenue?

Midnight Sun Mining's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.01 Mil. Its Revenue for the three months ended in Dec. 2024 was $0.00 Mil.

Midnight Sun Mining's COGS to Revenue for the three months ended in Dec. 2024 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Midnight Sun Mining's Gross Margin % for the three months ended in Dec. 2024 was %.

Midnight Sun Mining COGS-to-Revenue Historical Data

The historical data trend for Midnight Sun 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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Midnight Sun Mining COGS-to-Revenue Chart

Midnight Sun Mining Annual Data

Trend

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COGS-to-Revenue

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Midnight Sun Mining Quarterly Data
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Midnight Sun Mining COGS-to-Revenue Calculation

Midnight Sun 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
	=	0.055	/	0
	=

Midnight Sun Mining's COGS to Revenue for the quarter that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.014	/	0
	=

Midnight Sun Mining (OTCPK:MDNGF) COGS-to-Revenue Explanation

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

Midnight Sun Mining's Gross Margin % for the three months ended in Dec. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.014 / 0
	=	%

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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Midnight Sun Mining Business Description

Industry

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MMA:Canada

Address

789 West Pender Street, Suite 1205, Vancouver, BC, CAN, V6C 1H2

Website

https://www.midnightsunmining.com

Midnight Sun Mining Corp is focused on exploring its flagship Solwezi Project, located in Zambia. Situated in the heart of the Zambia-Congo Copperbelt. The Solwezi Project is surrounded by copper mines, including Africa's copper mining complex right next door, First Quantum's Kansanshi Mine.