NextGen Food Robotics (NEOE:NGRB) COGS-to-Revenue : 1.31 (As of Jan. 2024)

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What is NextGen Food Robotics COGS-to-Revenue?

NextGen Food Robotics's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.08 Mil. Its Revenue for the three months ended in Jan. 2024 was C$0.06 Mil.

NextGen Food Robotics's COGS to Revenue for the three months ended in Jan. 2024 was 1.31.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NextGen Food Robotics's Gross Margin % for the three months ended in Jan. 2024 was -31.25%.

NextGen Food Robotics COGS-to-Revenue Historical Data

The historical data trend for NextGen Food Robotics'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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NextGen Food Robotics COGS-to-Revenue Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

COGS-to-Revenue

1.22

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
COGS-to-Revenue	Get a 7-Day Free Trial						0.94	1.60	1.25	1.81	1.31

NextGen Food Robotics COGS-to-Revenue Calculation

NextGen Food Robotics's COGS to Revenue for the fiscal year that ended in Apr. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.25	/	0.205
	=	1.22

NextGen Food Robotics's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.084	/	0.064
	=	1.31

NextGen Food Robotics (NEOE:NGRB) COGS-to-Revenue Explanation

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

NextGen Food Robotics's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.084 / 0.064
	=	-31.25 %

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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NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

NextGen Food Robotics (NEOE:NGRB) Headlines

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