Millennial Lithium (TSXV:ML) COGS-to-Revenue : 0.00 (As of Aug. 2021)

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What is Millennial Lithium COGS-to-Revenue?

Millennial Lithium's Cost of Goods Sold for the three months ended in Aug. 2021 was C$0.02 Mil. Its Revenue for the three months ended in Aug. 2021 was C$0.00 Mil.

Millennial Lithium's COGS to Revenue for the three months ended in Aug. 2021 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Millennial Lithium's Gross Margin % for the three months ended in Aug. 2021 was %.

Millennial Lithium COGS-to-Revenue Historical Data

The historical data trend for Millennial Lithium'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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Millennial Lithium COGS-to-Revenue Chart

Millennial Lithium Annual Data

Trend

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COGS-to-Revenue

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Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
COGS-to-Revenue	Get a 7-Day Free Trial															-	-	-	-	-

Millennial Lithium COGS-to-Revenue Calculation

Millennial Lithium's COGS to Revenue for the fiscal year that ended in Feb. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.072	/	0
	=

Millennial Lithium's COGS to Revenue for the quarter that ended in Aug. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.023	/	0
	=

Millennial Lithium (TSXV:ML) COGS-to-Revenue Explanation

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

Millennial Lithium's Gross Margin % for the three months ended in Aug. 2021 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.023 / 0
	=	%

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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Millennial Lithium (TSXV:ML) Business Description

Industry

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

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Traded in Other Exchanges

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Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.