Bitcoin Well (TSXV:BTCW) COGS-to-Revenue : 0.93 (As of Mar. 2024)

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What is Bitcoin Well COGS-to-Revenue?

Bitcoin Well's Cost of Goods Sold for the three months ended in Mar. 2024 was C$14.97 Mil. Its Revenue for the three months ended in Mar. 2024 was C$16.18 Mil.

Bitcoin Well's COGS to Revenue for the three months ended in Mar. 2024 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Bitcoin Well's Gross Margin % for the three months ended in Mar. 2024 was 7.46%.

Bitcoin Well COGS-to-Revenue Historical Data

The historical data trend for Bitcoin Well'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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Bitcoin Well COGS-to-Revenue Chart

Bitcoin Well Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.89

0.86

0.95

0.93

0.91

Bitcoin Well Quarterly Data
	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													0.91	0.92	0.92	0.89	0.93

Bitcoin Well COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	49.706	/	54.532
	=	0.91

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	14.974	/	16.181
	=	0.93

Bitcoin Well (TSXV:BTCW) COGS-to-Revenue Explanation

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

Bitcoin Well'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	-	14.974 / 16.181
	=	7.46 %

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.

Bitcoin Well COGS-to-Revenue Related Terms

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Bitcoin Well (TSXV:BTCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Well Inc (TSXV:BTCW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

BCNWF:USA

Address

10142 82 Avenue NW, Suite 1900, Edmonton, AB, CAN, T6E 1Z4

Website

https://www.bitcoinwell.com

Bitcoin Well Inc offers ways to buy and sell bitcoin and other cryptocurrencies through a Bitcoin ATM network and suite of web-based transaction services.

Executives

Terry Curtis Rhode

Director