Canlan Ice Sports (TSX:ICE) COGS-to-Revenue : 0.06 (As of Dec. 2023)

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What is Canlan Ice Sports COGS-to-Revenue?

Canlan Ice Sports's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1.46 Mil. Its Revenue for the three months ended in Dec. 2023 was C$24.62 Mil.

Canlan Ice Sports's COGS to Revenue for the three months ended in Dec. 2023 was 0.06.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Canlan Ice Sports's Gross Margin % for the three months ended in Dec. 2023 was 94.09%.

Canlan Ice Sports COGS-to-Revenue Historical Data

The historical data trend for Canlan Ice Sports'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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Canlan Ice Sports COGS-to-Revenue Chart

Canlan Ice Sports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.06

0.03

0.05

0.06

Canlan Ice Sports Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.05	0.06	0.07	0.06	0.06

Canlan Ice Sports COGS-to-Revenue Calculation

Canlan Ice Sports's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5.207	/	86.151
	=	0.06

Canlan Ice Sports's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.455	/	24.617
	=	0.06

Canlan Ice Sports (TSX:ICE) COGS-to-Revenue Explanation

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

Canlan Ice Sports's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1.455 / 24.617
	=	94.09 %

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.

Canlan Ice Sports COGS-to-Revenue Related Terms

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Canlan Ice Sports (TSX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, space rental, and others. Geographically it generates the majority of its revenue from Canada.