Mandalay Resources (TSX:MND) COGS-to-Revenue : 0.69 (As of Dec. 2023)

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What is Mandalay Resources COGS-to-Revenue?

Mandalay Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$46.7 Mil. Its Revenue for the three months ended in Dec. 2023 was C$67.9 Mil.

Mandalay Resources's COGS to Revenue for the three months ended in Dec. 2023 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mandalay Resources's Gross Margin % for the three months ended in Dec. 2023 was 31.17%.

Mandalay Resources COGS-to-Revenue Historical Data

The historical data trend for Mandalay Resources'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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Mandalay Resources COGS-to-Revenue Chart

Mandalay Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.00

0.64

0.67

0.80

Mandalay Resources 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															0.68	0.82	0.93	0.80	0.69

Mandalay Resources COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	186.661	/	232.558
	=	0.80

Mandalay Resources's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	46.717	/	67.869
	=	0.69

Mandalay Resources (TSX:MND) COGS-to-Revenue Explanation

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

Mandalay Resources'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	-	46.717 / 67.869
	=	31.17 %

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.

Mandalay Resources COGS-to-Revenue Related Terms

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Mandalay Resources (TSX:MND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandalay Resources Corp (TSX:MND) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MNDJF:USA R7X2:Germany

Address

76 Richmond Street East, Suite 330, Toronto, ON, CAN, M5C 1P1

Website

https://www.mandalayresources.com

Mandalay Resources Corp is a Canadian-based natural resource corporation with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile and Canada. The company focuses on growing its production and reducing costs at its gold and antimony operation in Australia, and its gold mine in Sweden, to generate near-term sustainable positive cash flow.

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