Nitches (Nitches) COGS-to-Revenue : 0.40 (As of Feb. 2024)

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What is Nitches COGS-to-Revenue?

Nitches's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.00 Mil. Its Revenue for the three months ended in Feb. 2024 was $0.01 Mil.

Nitches's COGS to Revenue for the three months ended in Feb. 2024 was 0.40.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nitches's Gross Margin % for the three months ended in Feb. 2024 was 60.00%.

Nitches COGS-to-Revenue Historical Data

The historical data trend for Nitches'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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Nitches COGS-to-Revenue Chart

Nitches Annual Data

Trend

Aug00

Aug01

Aug02

Aug03

Aug04

Aug05

Aug06

Aug07

Aug22

Aug23

COGS-to-Revenue

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0.78

0.73

0.76

-3.00

3.50

Nitches Quarterly Data
	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															8.00	6.00	-	-	0.40

Nitches COGS-to-Revenue Calculation

Nitches's COGS to Revenue for the fiscal year that ended in Aug. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.014	/	0.004
	=	3.50

Nitches's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.002	/	0.005
	=	0.40

Nitches (OTCPK:NICH) COGS-to-Revenue Explanation

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

Nitches's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.002 / 0.005
	=	60.00 %

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.

Nitches COGS-to-Revenue Related Terms

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Nitches (Nitches) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitches Inc (OTCPK:NICH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1333 N Buffalo Drive, Unit 210, Las Vegas, NV, USA, 89128

Website

https://www.nitchescorp.com

Nitches Inc is focused on distribution and production of household, lifestyle, travel & leisure, and sports goods and clothing, with a long-term objective of bringing sustainable business practices to the supply chain for these products. The company is in the business of wholesale manufactured goods and white-labels them under the brand names of their Social Media Partners and also distributes them in an online department store, where its social media partners can sell their respective white labeled merchandise to their audience.

Executives

T. Jefferson Straub	director	C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Eitan X. Haber	officer: COO & Senior VP	C/O NITCHES, INC., 10280 CAMINO SANTA FE, SAN DIEGO CA 92121
Haresh Tharani	10 percent owner	1400 BROADWAY, 33RD FLOOR, NEW YORK NY 10018
Paul M Wyandt	director, officer: President & COO	10445 ABALONE LANDING, SAN DIEGO CA 92130
Price Eugene B Ii	director
Michael D Sholtis	director	10280 CAMINO SANTA FE, SAN DIEGO CA 92121