NEXE Innovations (TSXV:NEXE) COGS-to-Revenue : 1.56 (As of Feb. 2024)

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What is NEXE Innovations COGS-to-Revenue?

NEXE Innovations's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.04 Mil. Its Revenue for the three months ended in Feb. 2024 was C$0.03 Mil.

NEXE Innovations's COGS to Revenue for the three months ended in Feb. 2024 was 1.56.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NEXE Innovations's Gross Margin % for the three months ended in Feb. 2024 was -56.00%.

NEXE Innovations COGS-to-Revenue Historical Data

The historical data trend for NEXE Innovations'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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NEXE Innovations COGS-to-Revenue Chart

NEXE Innovations Annual Data

Trend

May20

May21

May22

May23

COGS-to-Revenue

2.07

4.24

NEXE Innovations Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial													2.43	2.00	2.14	2.59	1.56

NEXE Innovations COGS-to-Revenue Calculation

NEXE Innovations's COGS to Revenue for the fiscal year that ended in May. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.212	/	0.05
	=	4.24

NEXE Innovations's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.039	/	0.025
	=	1.56

NEXE Innovations (TSXV:NEXE) COGS-to-Revenue Explanation

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

NEXE Innovations's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.039 / 0.025
	=	-56.00 %

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.

NEXE Innovations COGS-to-Revenue Related Terms

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NEXE Innovations (TSXV:NEXE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » NEXE Innovations Inc (TSXV:NEXE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NEXNF:USA NX5:Germany

Address

19355 22nd Avenue, Suite 109, Surrey, BC, CAN, V3Z3S6

Website

https://www.nexeinnovations.com

NEXE Innovations Inc is a plant-based compostable technology and materials manufacturing based in British Columbia, Canada. The Company has developed patented, fully compostable, plant-based, single-serve coffee pods for use in single-serve coffee machines. The NEXE Pod is fully compostable, single-use pod will offer the market an environmentally friendly alternative to the over billions of plastic and aluminum pod market.

Executives

Ashvani Guglani

Director

NEXE Innovations (TSXV:NEXE) Headlines

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