Heritage Mining (XCNQ:HML) COGS-to-Revenue : 0.00 (As of Mar. 2024)

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What is Heritage Mining COGS-to-Revenue?

Heritage Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.02 Mil. Its Revenue for the three months ended in Mar. 2024 was C$0.00 Mil.

Heritage Mining's COGS to Revenue for the three months ended in Mar. 2024 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Heritage Mining's Gross Margin % for the three months ended in Mar. 2024 was %.

Heritage Mining COGS-to-Revenue Historical Data

The historical data trend for Heritage Mining'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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Heritage Mining COGS-to-Revenue Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							-	-	-	-	-

Heritage Mining COGS-to-Revenue Calculation

Heritage Mining's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.057	/	0
	=

Heritage Mining's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.024	/	0
	=

Heritage Mining (XCNQ:HML) COGS-to-Revenue Explanation

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

Heritage Mining'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	-	0.024 / 0
	=	%

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.

Heritage Mining COGS-to-Revenue Related Terms

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Heritage Mining (XCNQ:HML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining (XCNQ:HML) Headlines

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