Optima Medical Innovations (Optima Medical Innovations) COGS-to-Revenue : 0.74 (As of Sep. 2021)

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What is Optima Medical Innovations COGS-to-Revenue?

Optima Medical Innovations's Cost of Goods Sold for the three months ended in Sep. 2021 was $0.84 Mil. Its Revenue for the three months ended in Sep. 2021 was $1.14 Mil.

Optima Medical Innovations's COGS to Revenue for the three months ended in Sep. 2021 was 0.74.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Optima Medical Innovations's Gross Margin % for the three months ended in Sep. 2021 was 26.38%.

Optima Medical Innovations COGS-to-Revenue Historical Data

The historical data trend for Optima Medical Innovations'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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Optima Medical Innovations COGS-to-Revenue Chart

Optima Medical Innovations Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

COGS-to-Revenue

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0.68

0.70

Optima Medical Innovations Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
COGS-to-Revenue	Get a 7-Day Free Trial															0.67	-	0.74	0.71	0.74

Optima Medical Innovations COGS-to-Revenue Calculation

Optima Medical Innovations's COGS to Revenue for the fiscal year that ended in Dec. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.233	/	4.614
	=	0.70

Optima Medical Innovations's COGS to Revenue for the quarter that ended in Sep. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.84	/	1.141
	=	0.74

Optima Medical Innovations (OTCPK:TOKIF) COGS-to-Revenue Explanation

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

Optima Medical Innovations's Gross Margin % for the three months ended in Sep. 2021 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.84 / 1.141
	=	26.38 %

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.

Optima Medical Innovations COGS-to-Revenue Related Terms

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Optima Medical Innovations (Optima Medical Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Medical Innovations Corp (OTCPK:TOKIF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

5460 Yonge Street, Unit 209, Toronto, ON, CAN, M2N 6K7

Website

https://www.tokicorp.com

Optima Medical Innovations Corp delivers pathways to innovative, science-based health and wellness solutions. It focuses on multi-disciplinary pain management. The group is also engaged in the development of solutions, products and treatments for pain relief, wellness and Cancer therapy.