Wejo Group (Wejo Group) COGS-to-Revenue : 1.09 (As of Mar. 2023)

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What is Wejo Group COGS-to-Revenue?

Wejo Group's Cost of Goods Sold for the three months ended in Mar. 2023 was $4.22 Mil. Its Revenue for the three months ended in Mar. 2023 was $3.86 Mil.

Wejo Group's COGS to Revenue for the three months ended in Mar. 2023 was 1.09.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wejo Group's Gross Margin % for the three months ended in Mar. 2023 was -9.43%.

Wejo Group COGS-to-Revenue Historical Data

The historical data trend for Wejo Group'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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Wejo Group COGS-to-Revenue Chart

Wejo Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

2.99

1.26

1.40

0.92

Wejo Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
COGS-to-Revenue	Get a 7-Day Free Trial							2.32	1.20	0.62	0.80	1.09

Wejo Group COGS-to-Revenue Calculation

Wejo Group's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.739	/	8.396
	=	0.92

Wejo Group's COGS to Revenue for the quarter that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.224	/	3.86
	=	1.09

Wejo Group (OTCPK:WEJWF) COGS-to-Revenue Explanation

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

Wejo Group's Gross Margin % for the three months ended in Mar. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4.224 / 3.86
	=	-9.43 %

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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Wejo Group (Wejo Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wejo Group Ltd (OTCPK:WEJWF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon’s Court, Hamilton, BMU, HM12

Website

https://www.wejo.com

Wejo Group Ltd provides software and technology solutions to various market verticals in combination with services that utilize ingested and standardized connected vehicle and other high volume, high value datasets through its proprietary cloud software and analytics platform, Wejo Neural Edge (which includes Wejo ADEPT platform). The Company's sector solutions, delivered at this time in North America and Europe, provide valuable insights to its customers in public and private organizations, including, but not limited to, OEMs, first-tier (Tier 1) automotive suppliers, fleet management companies (Fleets), departments of transportation, retailers, mapping companies, universities, insurance companies, advertising firms, construction firms and research departments.