Drone Delivery Canada (TSXV:FLT) COGS-to-Revenue : 0.23 (As of Mar. 2024)

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What is Drone Delivery Canada COGS-to-Revenue?

Drone Delivery Canada's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.02 Mil. Its Revenue for the three months ended in Mar. 2024 was C$0.10 Mil.

Drone Delivery Canada's COGS to Revenue for the three months ended in Mar. 2024 was 0.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Drone Delivery Canada's Gross Margin % for the three months ended in Mar. 2024 was 76.92%.

Drone Delivery Canada COGS-to-Revenue Historical Data

The historical data trend for Drone Delivery Canada'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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Drone Delivery Canada COGS-to-Revenue Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.57

1.04

0.27

0.54

Drone Delivery Canada 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															0.28	0.54	0.20	1.38	0.23

Drone Delivery Canada COGS-to-Revenue Calculation

Drone Delivery Canada's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.674	/	1.239
	=	0.54

Drone Delivery Canada's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.024	/	0.104
	=	0.23

Drone Delivery Canada (TSXV:FLT) COGS-to-Revenue Explanation

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

Drone Delivery Canada'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	-	0.024 / 0.104
	=	76.92 %

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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Drone Delivery Canada (TSXV:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » COGS-to-Revenue

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TAKOF:USA ABBA:Germany

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.

Executives

Michael Della Fortuna

Director

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