Nuvve Holding (Nuvve Holding) COGS-to-Revenue : 0.73 (As of Mar. 2024)

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What is Nuvve Holding COGS-to-Revenue?

Nuvve Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.51 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.70 Mil.

Nuvve Holding's COGS to Revenue for the three months ended in Mar. 2024 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nuvve Holding's Gross Margin % for the three months ended in Mar. 2024 was 26.87%.

Nuvve Holding COGS-to-Revenue Historical Data

The historical data trend for Nuvve Holding'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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Nuvve Holding COGS-to-Revenue Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.27

0.69

0.85

0.87

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												0.82	0.95	0.91	0.76	0.73

Nuvve Holding COGS-to-Revenue Calculation

Nuvve Holding's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.981	/	8.005
	=	0.87

Nuvve Holding's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.509	/	0.696
	=	0.73

Nuvve Holding (NAS:NVVEW) COGS-to-Revenue Explanation

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

Nuvve Holding'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	-	0.509 / 0.696
	=	26.87 %

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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Nuvve Holding (Nuvve Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVEW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NVVE:USA

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.