Novus Acquisition & Development (Novus Acquisition & Development) COGS-to-Revenue : 0.30 (As of Sep. 2023)

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What is Novus Acquisition & Development COGS-to-Revenue?

Novus Acquisition & Development's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.03 Mil. Its Revenue for the three months ended in Sep. 2023 was $0.09 Mil.

Novus Acquisition & Development's COGS to Revenue for the three months ended in Sep. 2023 was 0.30.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Novus Acquisition & Development's Gross Margin % for the three months ended in Sep. 2023 was 69.77%.

Novus Acquisition & Development COGS-to-Revenue Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development COGS-to-Revenue Chart

Novus Acquisition & Development Annual Data

Trend

COGS-to-Revenue

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
COGS-to-Revenue	0.35	0.30

Novus Acquisition & Development COGS-to-Revenue Calculation

Novus Acquisition & Development's COGS to Revenue for the fiscal year that ended in . 20 is calculated as

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

Novus Acquisition & Development's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.026	/	0.086
	=	0.30

Novus Acquisition & Development (OTCPK:NDEV) COGS-to-Revenue Explanation

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

Novus Acquisition & Development'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	-	0.026 / 0.086
	=	69.77 %

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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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.