Fire & Flower Holdings (TSX:FAF) COGS-to-Revenue : 0.71 (As of Mar. 2023)

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What is Fire & Flower Holdings COGS-to-Revenue?

Fire & Flower Holdings's Cost of Goods Sold for the three months ended in Mar. 2023 was C$30.6 Mil. Its Revenue for the three months ended in Mar. 2023 was C$43.1 Mil.

Fire & Flower Holdings's COGS to Revenue for the three months ended in Mar. 2023 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fire & Flower Holdings's Gross Margin % for the three months ended in Mar. 2023 was 28.91%.

Fire & Flower Holdings COGS-to-Revenue Historical Data

The historical data trend for Fire & Flower Holdings'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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Fire & Flower Holdings COGS-to-Revenue Chart

Fire & Flower Holdings Annual Data

Trend

Jan20

Jan21

Jan22

COGS-to-Revenue

0.64

0.65

Fire & Flower Holdings Quarterly Data
	Feb18	May18	Aug18	Nov18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23
COGS-to-Revenue	Get a 7-Day Free Trial															0.68	0.70	0.76	0.73	0.71

Fire & Flower Holdings COGS-to-Revenue Calculation

Fire & Flower Holdings's COGS to Revenue for the fiscal year that ended in Jan. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	113.405	/	175.499
	=	0.65

Fire & Flower Holdings's COGS to Revenue for the quarter that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30.645	/	43.108
	=	0.71

Fire & Flower Holdings (TSX:FAF) COGS-to-Revenue Explanation

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

Fire & Flower Holdings's Gross Margin % for the three months ended in Mar. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	30.645 / 43.108
	=	28.91 %

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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Fire & Flower Holdings (TSX:FAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fire & Flower Holdings Corp (TSX:FAF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 King Street West, Suite 2500, Toronto, ON, CAN, M5X 1C8

Website

https://www.fireandflower.com

Fire & Flower Holdings Corp is an independent adult-use cannabis retailer focused on the Canadian market and international expansion opportunities. The company guides consumers through the complex world of cannabis through education-focused, retailing while the Hifyrea digital platform connects consumers with cannabis products. The company has three reportable segments namely, Retail segment, Wholesale and Logistics segment, and Digital Platform. Majority of the revenue is earned from Retail segment.