Icarus Capital (TSXV:ICRS) COGS-to-Revenue : 0.60 (As of Mar. 2024)

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What is Icarus Capital COGS-to-Revenue?

Icarus Capital's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.18 Mil. Its Revenue for the three months ended in Mar. 2024 was C$0.31 Mil.

Icarus Capital's COGS to Revenue for the three months ended in Mar. 2024 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Icarus Capital's Gross Margin % for the three months ended in Mar. 2024 was 40.00%.

Icarus Capital COGS-to-Revenue Historical Data

The historical data trend for Icarus Capital'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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Icarus Capital COGS-to-Revenue Chart

Icarus Capital Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.63

Icarus Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							-	-	-	-	0.60

Icarus Capital COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.247	/	0.393
	=	0.63

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.183	/	0.305
	=	0.60

Icarus Capital (TSXV:ICRS) COGS-to-Revenue Explanation

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

Icarus Capital'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	-	0.183 / 0.305
	=	40.00 %

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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Icarus Capital (TSXV:ICRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Icarus Capital Corp (TSXV:ICRS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 120 No. 2 Road, Suite 186, Richmond, BC, CAN, V7C 5J8

Website

Icarus Capital Corp is a capital pool company.

Icarus Capital (TSXV:ICRS) Headlines

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