Hank Payments (TSXV:HANK) COGS-to-Revenue : 0.09 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Hank Payments COGS-to-Revenue?

Hank Payments's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.17 Mil. Its Revenue for the three months ended in Mar. 2024 was C$1.91 Mil.

Hank Payments's COGS to Revenue for the three months ended in Mar. 2024 was 0.09.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hank Payments's Gross Margin % for the three months ended in Mar. 2024 was 90.99%.

Hank Payments COGS-to-Revenue Historical Data

The historical data trend for Hank Payments'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.

* Premium members only.

Hank Payments COGS-to-Revenue Chart

Hank Payments Annual Data

Trend

Jun22

Jun23

COGS-to-Revenue

0.11

Hank Payments Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial								0.11	0.12	0.11	0.09	0.09

Hank Payments COGS-to-Revenue Calculation

Hank Payments's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.637	/	5.909
	=	0.11

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.172	/	1.908
	=	0.09

Hank Payments (TSXV:HANK) COGS-to-Revenue Explanation

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

Hank Payments'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	-	0.172 / 1.908
	=	90.99 %

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.

Hank Payments COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Hank Payments's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Hank Payments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hank Payments Corp (TSXV:HANK) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HNKPF:USA

Address

66 Wellington Street West, Suite 4100, Toronto, ON, CAN, M5K 1B7

Website

https://www.hankpayments.com

Hank Payments Corp is a financial technology company with a software platform that acts as a consumer's personal, financial concierge using a powerful technology to automate the complexities of personal cash flow management. The Hank Platform debits when consumers have cash, stores the cash with partner banks, then automatically instructs partner banks to pay bills and loans as near to due, and often sooner than required. Approximately half of company's customers are financially sound and use the Platform for convenience, while the other half improve their payment performance through use of the Hank Platform.

Executives

Michael Hilmer	Director, Senior Officer
Ashish Kapoor	Senior Officer
Uptempo Inc.	10% Security Holder
Jeff Guthrie	Senior Officer

Hank Payments Headlines

No Headlines