Minera IRL (Minera IRL) COGS-to-Revenue : 0.85 (As of Sep. 2023)

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What is Minera IRL COGS-to-Revenue?

Minera IRL's Cost of Goods Sold for the three months ended in Sep. 2023 was $7.25 Mil. Its Revenue for the three months ended in Sep. 2023 was $8.55 Mil.

Minera IRL's COGS to Revenue for the three months ended in Sep. 2023 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Minera IRL's Gross Margin % for the three months ended in Sep. 2023 was 15.13%.

Minera IRL COGS-to-Revenue Historical Data

The historical data trend for Minera IRL'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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Minera IRL COGS-to-Revenue Chart

Minera IRL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.82

0.78

0.63

0.69

0.99

Minera IRL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															1.14	1.06	1.01	1.15	0.85

Minera IRL COGS-to-Revenue Calculation

Minera IRL's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	36.46	/	36.993
	=	0.99

Minera IRL's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.254	/	8.547
	=	0.85

Minera IRL (OTCPK:MRLLY) COGS-to-Revenue Explanation

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

Minera IRL's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	7.254 / 8.547
	=	15.13 %

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.

Minera IRL COGS-to-Revenue Related Terms

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Minera IRL (Minera IRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (OTCPK:MRLLY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MRLLF:USA MIRL:Peru DZX:Germany MIRL:Canada

Address

15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB

Website

https://www.minera-irl.com

Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

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