Simris Alg AB (OSTO:SIMRIS B) COGS-to-Revenue : 0.38 (As of Mar. 2024)

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What is Simris Alg AB COGS-to-Revenue?

Simris Alg AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.20 Mil. Its Revenue for the three months ended in Mar. 2024 was kr0.52 Mil.

Simris Alg AB's COGS to Revenue for the three months ended in Mar. 2024 was 0.38.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Simris Alg AB's Gross Margin % for the three months ended in Mar. 2024 was 62.24%.

Simris Alg AB COGS-to-Revenue Historical Data

The historical data trend for Simris Alg AB'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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Simris Alg AB COGS-to-Revenue Chart

Simris Alg AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.80

2.27

1.34

1.18

0.54

Simris Alg AB Quarterly Data
	Jun19	Sep19	Dec19	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															0.71	0.93	-1.39	0.79	0.38

Simris Alg AB COGS-to-Revenue Calculation

Simris Alg AB's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.347	/	4.354
	=	0.54

Simris Alg AB's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.196	/	0.519
	=	0.38

Simris Alg AB (OSTO:SIMRIS B) COGS-to-Revenue Explanation

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

Simris Alg AB'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	-	0.196 / 0.519
	=	62.24 %

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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Simris Alg AB (OSTO:SIMRIS B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Simris Alg AB (OSTO:SIMRIS B) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

5LU:Germany

Address

Herrestadsvagen 24A, Hammenhog, SWE, 276 50

Website

https://www.simrisalg.se

Simris Alg AB is a biotechnology company, engaged in research, development and production of bioactive substances from microalgae, for nutraceutical, cosmeceutical and pharmaceutical applications. The company's technology provides access to bioactive substances with novel functions, while replacing unsustainable raw materials from endangered marine species and ecosystems. Its first commercialised range is a series of omega-3 health supplements marketed under the company's own brand.

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