HEXO (TSX:HEXO) COGS-to-Revenue : 1.43 (As of Apr. 2023)

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What is HEXO COGS-to-Revenue?

HEXO's Cost of Goods Sold for the three months ended in Apr. 2023 was C$30.9 Mil. Its Revenue for the three months ended in Apr. 2023 was C$21.6 Mil.

HEXO's COGS to Revenue for the three months ended in Apr. 2023 was 1.43.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. HEXO's Gross Margin % for the three months ended in Apr. 2023 was -43.34%.

HEXO COGS-to-Revenue Historical Data

The historical data trend for HEXO'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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HEXO COGS-to-Revenue Chart

HEXO Annual Data

Trend

Sep14

Sep15

Sep16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

COGS-to-Revenue

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-0.30

0.48

1.72

0.61

1.40

HEXO Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
COGS-to-Revenue	Get a 7-Day Free Trial															1.12	1.84	1.49	1.25	1.43

HEXO COGS-to-Revenue Calculation

HEXO's COGS to Revenue for the fiscal year that ended in Jul. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	266.775	/	191.103
	=	1.40

HEXO's COGS to Revenue for the quarter that ended in Apr. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30.939	/	21.585
	=	1.43

HEXO (TSX:HEXO) COGS-to-Revenue Explanation

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

HEXO's Gross Margin % for the three months ended in Apr. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	30.939 / 21.585
	=	-43.34 %

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.

HEXO COGS-to-Revenue Related Terms

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HEXO (TSX:HEXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HEXO Corp (TSX:HEXO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 de la Rive Road, Gatineau, QC, CAN, J8M 1V2

Website

https://www.hexocorp.com

HEXO Corp is engaged in producing and selling cannabis and cannabis products. The company is focused on smoke-free and traditional cannabis products. The firm's products include dried flowers, oils, and vapes. It generates its revenue from various sources such as Beverage Based Adult-Use Sales, Medical, Wholesale and International sales.