VIP Entertainment Technologies (TSXV:VIP) COGS-to-Revenue : 0.43 (As of Dec. 2023)

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What is VIP Entertainment Technologies COGS-to-Revenue?

VIP Entertainment Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Its Revenue for the three months ended in Dec. 2023 was C$0.01 Mil.

VIP Entertainment Technologies's COGS to Revenue for the three months ended in Dec. 2023 was 0.43.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. VIP Entertainment Technologies's Gross Margin % for the three months ended in Dec. 2023 was 57.14%.

VIP Entertainment Technologies COGS-to-Revenue Historical Data

The historical data trend for VIP Entertainment Technologies'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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VIP Entertainment Technologies COGS-to-Revenue Chart

VIP Entertainment Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

COGS-to-Revenue

0.14

VIP Entertainment Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.33	0.86	0.04	0.02	0.43

VIP Entertainment Technologies COGS-to-Revenue Calculation

VIP Entertainment Technologies's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.061	/	0.429
	=	0.14

VIP Entertainment Technologies's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.003	/	0.007
	=	0.43

VIP Entertainment Technologies (TSXV:VIP) COGS-to-Revenue Explanation

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

VIP Entertainment Technologies's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.003 / 0.007
	=	57.14 %

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.

VIP Entertainment Technologies COGS-to-Revenue Related Terms

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VIP Entertainment Technologies (TSXV:VIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (TSXV:VIP) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

VETIF:USA

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.vipentertaingroup.com

VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.

Executives

Jennings Theresa

10% Security Holder

VIP Entertainment Technologies (TSXV:VIP) Headlines

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