Luca Mining (TSXV:LUCA) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Luca Mining COGS-to-Revenue?

Luca Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was C$17.18 Mil. Its Revenue for the three months ended in Mar. 2024 was C$22.04 Mil.

Luca Mining's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Luca Mining's Gross Margin % for the three months ended in Mar. 2024 was 22.07%.

Luca Mining COGS-to-Revenue Historical Data

The historical data trend for Luca Mining'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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Luca Mining COGS-to-Revenue Chart

Luca Mining Annual Data

Trend

Feb14

Feb15

Feb16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.04

1.01

0.51

0.95

0.98

Luca Mining 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															0.93	1.03	1.05	0.92	0.78

Luca Mining COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	66.806	/	68.275
	=	0.98

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	17.177	/	22.041
	=	0.78

Luca Mining (TSXV:LUCA) COGS-to-Revenue Explanation

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

Luca Mining'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	-	17.177 / 22.041
	=	22.07 %

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.

Luca Mining COGS-to-Revenue Related Terms

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Luca Mining (TSXV:LUCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Luca Mining Corp (TSXV:LUCA) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

LUCMF:USA Z68:Germany Z68:Germany

Address

1111 Melville Street, Suite 1000, Vancouver, BC, CAN, V6E 3V6

Website

https://www.lucamining.com

Luca Mining Corp is a Canadian-based mining company engages s the production of base metals and the acquisition, exploration and development of resource properties in Mexico. Luca Mining is currently in commercial production at its 100% owned Campo Morado Mine, processing approximately 2,000 tons per day through the mine milling facilities producing zinc and copper concentrates with gold, silver, and lead as by-products. In addition, Luca owns a 100% interest in the Tahuehueto Project.

Executives

Ramon Perez

Senior Officer

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