Next Hydrogen Solutions (TSXV:NXH) COGS-to-Revenue : 1.33 (As of Mar. 2024)

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What is Next Hydrogen Solutions COGS-to-Revenue?

Next Hydrogen Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.76 Mil. Its Revenue for the three months ended in Mar. 2024 was C$0.58 Mil.

Next Hydrogen Solutions's COGS to Revenue for the three months ended in Mar. 2024 was 1.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Next Hydrogen Solutions's Gross Margin % for the three months ended in Mar. 2024 was -32.64%.

Next Hydrogen Solutions COGS-to-Revenue Historical Data

The historical data trend for Next Hydrogen Solutions'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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Next Hydrogen Solutions COGS-to-Revenue Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

COGS-to-Revenue

1.99

1.30

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial													-1.61	0.20	11.28	0.70	1.33

Next Hydrogen Solutions COGS-to-Revenue Calculation

Next Hydrogen Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.241	/	0.952
	=	1.30

Next Hydrogen Solutions's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.764	/	0.576
	=	1.33

Next Hydrogen Solutions (TSXV:NXH) COGS-to-Revenue Explanation

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

Next Hydrogen Solutions'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	-	0.764 / 0.576
	=	-32.64 %

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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Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NXHSF:USA

Address

6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6

Website

https://www.nexthydrogen.com

Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.

Executives

Anthony Robert Guglielmin

Director

Next Hydrogen Solutions (TSXV:NXH) Headlines

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