INX Digital Co (NEOE:INXD) COGS-to-Revenue : 0.13 (As of Mar. 2024)

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What is INX Digital Co COGS-to-Revenue?

INX Digital Co's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.30 Mil. Its Revenue for the three months ended in Mar. 2024 was C$2.34 Mil.

INX Digital Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.13.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. INX Digital Co's Gross Margin % for the three months ended in Mar. 2024 was 87.22%.

INX Digital Co COGS-to-Revenue Historical Data

The historical data trend for INX Digital Co'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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INX Digital Co COGS-to-Revenue Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.66

0.70

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial									0.54	0.58	0.61	0.88	0.13

INX Digital Co COGS-to-Revenue Calculation

INX Digital Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	16.577	/	23.748
	=	0.70

INX Digital Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.299	/	2.339
	=	0.13

INX Digital Co (NEOE:INXD) COGS-to-Revenue Explanation

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

INX Digital Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.299 / 2.339
	=	87.22 %

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.

INX Digital Co COGS-to-Revenue Related Terms

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INX Digital Co (NEOE:INXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in offering regulated trading platforms for digital securities and cryptocurrencies. Its vision is to be the preferred global regulated hub for digital assets on the blockchain.

Executives

Shy Datika

10% Security Holder, Director, Senior Officer

INX Digital Co (NEOE:INXD) Headlines

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