CO2 Gro (TSXV:GROW) COGS-to-Revenue : 0.39 (As of Sep. 2023)

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What is CO2 Gro COGS-to-Revenue?

CO2 Gro's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.11 Mil. Its Revenue for the three months ended in Sep. 2023 was C$0.28 Mil.

CO2 Gro's COGS to Revenue for the three months ended in Sep. 2023 was 0.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CO2 Gro's Gross Margin % for the three months ended in Sep. 2023 was 60.78%.

CO2 Gro COGS-to-Revenue Historical Data

The historical data trend for CO2 Gro'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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CO2 Gro COGS-to-Revenue Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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10.27

2.20

0.93

0.75

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															-	0.29	0.35	1.67	0.39

CO2 Gro COGS-to-Revenue Calculation

CO2 Gro's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.214	/	0.285
	=	0.75

CO2 Gro's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.111	/	0.283
	=	0.39

CO2 Gro (TSXV:GROW) COGS-to-Revenue Explanation

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

CO2 Gro's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.111 / 0.283
	=	60.78 %

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.

CO2 Gro COGS-to-Revenue Related Terms

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CO2 Gro (TSXV:GROW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (TSXV:GROW) » Definitions » COGS-to-Revenue

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BLONF:USA

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.

Executives

Stephen Mark Gledhill

Senior Officer