Digihost Technology (TSXV:DGHI) COGS-to-Revenue : 1.37 (As of Dec. 2023)

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What is Digihost Technology COGS-to-Revenue?

Digihost Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was C$19.78 Mil. Its Revenue for the three months ended in Dec. 2023 was C$14.46 Mil.

Digihost Technology's COGS to Revenue for the three months ended in Dec. 2023 was 1.37.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Digihost Technology's Gross Margin % for the three months ended in Dec. 2023 was -36.74%.

Digihost Technology COGS-to-Revenue Historical Data

The historical data trend for Digihost Technology'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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Digihost Technology COGS-to-Revenue Chart

Digihost Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

2.13

0.55

1.28

1.37

Digihost Technology Quarterly Data
	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												1.79	1.60	1.12	1.47	1.37

Digihost Technology COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	48.002	/	35.033
	=	1.37

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19.778	/	14.464
	=	1.37

Digihost Technology (TSXV:DGHI) COGS-to-Revenue Explanation

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

Digihost Technology'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	-	19.778 / 14.464
	=	-36.74 %

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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Digihost Technology (TSXV:DGHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digihost Technology Inc (TSXV:DGHI) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

DGHI:USA 1NQ:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.digihost.ca

Digihost Technology Inc is a blockchain company focused on Bitcoin mining. The company's mining facility is located in Buffalo, New York, and is equipped with an 18.7 MVA 115,000-kilovolt ampere outdoor substation with an option to increase the power output to 42MVA.