Global Health Clinics (XCNQ:MJRX) COGS-to-Revenue : 0.33 (As of Jan. 2024)

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What is Global Health Clinics COGS-to-Revenue?

Global Health Clinics's Cost of Goods Sold for the three months ended in Jan. 2024 was C$0.01 Mil. Its Revenue for the three months ended in Jan. 2024 was C$0.02 Mil.

Global Health Clinics's COGS to Revenue for the three months ended in Jan. 2024 was 0.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Global Health Clinics's Gross Margin % for the three months ended in Jan. 2024 was 66.67%.

Global Health Clinics COGS-to-Revenue Historical Data

The historical data trend for Global Health Clinics'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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Global Health Clinics COGS-to-Revenue Chart

Global Health Clinics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

COGS-to-Revenue

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0.69

0.47

0.21

Global Health Clinics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
COGS-to-Revenue	Get a 7-Day Free Trial															0.19	0.25	0.26	0.14	0.33

Global Health Clinics COGS-to-Revenue Calculation

Global Health Clinics's COGS to Revenue for the fiscal year that ended in Jul. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.022	/	0.103
	=	0.21

Global Health Clinics's COGS to Revenue for the quarter that ended in Jan. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.007	/	0.021
	=	0.33

Global Health Clinics (XCNQ:MJRX) COGS-to-Revenue Explanation

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

Global Health Clinics's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.007 / 0.021
	=	66.67 %

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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Global Health Clinics (XCNQ:MJRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Health Clinics Ltd (XCNQ:MJRX) » Definitions » COGS-to-Revenue

Comparable Companies

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L00:Germany

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.globalhealthltd.ca

Global Health Clinics Ltd engages in the cannabis industry and operates medical clinics which guide patients through the process of becoming legal users of marijuana and also engages in developing psilocybin products for research and their potential usage for pharmaceutical purposes. The Company operates in two operating segments the operating of medical clinics to guide patients to become legal users of marijuana and the development of psilocybin products for research and potential usage for pharmaceutical purposes. The Company derives its key revenue from Medical Clinics for legal user of Marijuana.

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