Braxia Scientific (XCNQ:BRAX) COGS-to-Revenue : 0.83 (As of Dec. 2023)

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What is Braxia Scientific COGS-to-Revenue?

Braxia Scientific's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.41 Mil. Its Revenue for the three months ended in Dec. 2023 was C$0.49 Mil.

Braxia Scientific's COGS to Revenue for the three months ended in Dec. 2023 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Braxia Scientific's Gross Margin % for the three months ended in Dec. 2023 was 16.67%.

Braxia Scientific COGS-to-Revenue Historical Data

The historical data trend for Braxia Scientific'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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Braxia Scientific COGS-to-Revenue Chart

Braxia Scientific Annual Data

Trend

Mar21

Mar22

Mar23

COGS-to-Revenue

0.86

0.83

0.91

Braxia Scientific Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial												0.98	0.95	0.85	0.78	0.83

Braxia Scientific COGS-to-Revenue Calculation

Braxia Scientific's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.712	/	1.884
	=	0.91

Braxia Scientific's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.41	/	0.492
	=	0.83

Braxia Scientific (XCNQ:BRAX) COGS-to-Revenue Explanation

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

Braxia Scientific'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	-	0.41 / 0.492
	=	16.67 %

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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Braxia Scientific (XCNQ:BRAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Braxia Scientific Corp (XCNQ:BRAX) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

BRAXF:USA 4960:Germany

Address

700 Bay Street, Suite 1903, Toronto, ON, CAN, M5G 1Z6

Website

https://www.braxiascientific.com

Braxia Scientific Corp is a research-driven medical solutions company that aims to reduce the illness burden of brain-based mental disorders such as depressive disorder among others. It is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing novel drugs and delivery methods. The company develops ketamine and psilocybin derivatives and other psychedelic products from its IP development platform.

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