Avant Brands (TSX:AVNT) COGS-to-Revenue : 0.89 (As of Feb. 2024)

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What is Avant Brands COGS-to-Revenue?

Avant Brands's Cost of Goods Sold for the three months ended in Feb. 2024 was C$7.18 Mil. Its Revenue for the three months ended in Feb. 2024 was C$8.08 Mil.

Avant Brands's COGS to Revenue for the three months ended in Feb. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Avant Brands's Gross Margin % for the three months ended in Feb. 2024 was 11.11%.

Avant Brands COGS-to-Revenue Historical Data

The historical data trend for Avant Brands'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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Avant Brands COGS-to-Revenue Chart

Avant Brands Annual Data

Trend

Dec14

Dec15

Dec16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

COGS-to-Revenue

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0.44

0.22

0.80

0.81

0.53

Avant Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.57	0.58	0.22	0.78	0.89

Avant Brands COGS-to-Revenue Calculation

Avant Brands's COGS to Revenue for the fiscal year that ended in Nov. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.912	/	26.344
	=	0.53

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.179	/	8.076
	=	0.89

Avant Brands (TSX:AVNT) COGS-to-Revenue Explanation

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

Avant Brands'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	-	7.179 / 8.076
	=	11.11 %

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.

Avant Brands COGS-to-Revenue Related Terms

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Avant Brands (TSX:AVNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Avant Brands Inc (TSX:AVNT) » Definitions » COGS-to-Revenue

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AVTBF:USA 1BU0:Germany

Address

1632 Dickson Avenue, Suite 335, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.avantbrands.ca

Avant Brands Inc is an innovative premium cannabis company. It has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for highly desired, and award-winning consumer brands, sold across both recreational and medical channels.

Executives

Norton Singhavon

10% Security Holder, Director, Senior Officer