K92 Mining (TSX:KNT) COGS-to-Revenue : 0.68 (As of Mar. 2024)

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What is K92 Mining COGS-to-Revenue?

K92 Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was C$55.4 Mil. Its Revenue for the three months ended in Mar. 2024 was C$80.9 Mil.

K92 Mining's COGS to Revenue for the three months ended in Mar. 2024 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. K92 Mining's Gross Margin % for the three months ended in Mar. 2024 was 31.55%.

K92 Mining COGS-to-Revenue Historical Data

The historical data trend for K92 Mining'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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K92 Mining COGS-to-Revenue Chart

K92 Mining Annual Data

Trend

Aug14

Aug15

Aug16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.47

0.46

0.54

0.51

0.56

K92 Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.59	0.56	0.69	0.48	0.68

K92 Mining COGS-to-Revenue Calculation

K92 Mining's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	149.65	/	268.662
	=	0.56

K92 Mining's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	55.407	/	80.943
	=	0.68

K92 Mining (TSX:KNT) COGS-to-Revenue Explanation

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

K92 Mining's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	55.407 / 80.943
	=	31.55 %

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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K92 Mining (TSX:KNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K92 Mining Inc (TSX:KNT) » Definitions » COGS-to-Revenue

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KNTNF:USA 92K:Germany

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.k92mining.com

K92 Mining Inc is engaged in the exploration, development and mining of mineral deposits in Papua New Guinea, specifically the Kainantu Project.

Executives

Nancy Carol La Couvee	Senior Officer
Saurabh Handa	Director
John Lewins	Director
David Gregory Medilek	Senior Officer

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