Shiny Health & Wellness (TSXV:SNYB) COGS-to-Revenue : 0.66 (As of Oct. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Shiny Health & Wellness COGS-to-Revenue?

Shiny Health & Wellness's Cost of Goods Sold for the three months ended in Oct. 2023 was C$2.82 Mil. Its Revenue for the three months ended in Oct. 2023 was C$4.28 Mil.

Shiny Health & Wellness's COGS to Revenue for the three months ended in Oct. 2023 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shiny Health & Wellness's Gross Margin % for the three months ended in Oct. 2023 was 34.20%.

Shiny Health & Wellness COGS-to-Revenue Historical Data

The historical data trend for Shiny Health & Wellness'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.

* Premium members only.

Shiny Health & Wellness COGS-to-Revenue Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

COGS-to-Revenue

0.63

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
COGS-to-Revenue	Get a 7-Day Free Trial						0.62	0.63	0.63	0.66	0.66

Shiny Health & Wellness COGS-to-Revenue Calculation

Shiny Health & Wellness's COGS to Revenue for the fiscal year that ended in Jan. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18.655	/	29.606
	=	0.63

Shiny Health & Wellness's COGS to Revenue for the quarter that ended in Oct. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.815	/	4.278
	=	0.66

Shiny Health & Wellness (TSXV:SNYB) COGS-to-Revenue Explanation

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

Shiny Health & Wellness's Gross Margin % for the three months ended in Oct. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.815 / 4.278
	=	34.20 %

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.

Shiny Health & Wellness COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Shiny Health & Wellness's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

No Headlines