NetCents Technology (XCNQ:NC) COGS-to-Revenue : 0.33 (As of Jul. 2020)

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What is NetCents Technology COGS-to-Revenue?

NetCents Technology's Cost of Goods Sold for the three months ended in Jul. 2020 was C$0.02 Mil. Its Revenue for the three months ended in Jul. 2020 was C$0.07 Mil.

NetCents Technology's COGS to Revenue for the three months ended in Jul. 2020 was 0.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NetCents Technology's Gross Margin % for the three months ended in Jul. 2020 was 67.14%.

NetCents Technology COGS-to-Revenue Historical Data

The historical data trend for NetCents Technology'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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NetCents Technology COGS-to-Revenue Chart

NetCents Technology Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

COGS-to-Revenue

0.15

0.09

0.34

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
COGS-to-Revenue	Get a 7-Day Free Trial															0.27	3.00	0.36	0.33	0.33

NetCents Technology COGS-to-Revenue Calculation

NetCents Technology's COGS to Revenue for the fiscal year that ended in Oct. 2019 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.03	/	0.089
	=	0.34

NetCents Technology's COGS to Revenue for the quarter that ended in Jul. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.023	/	0.07
	=	0.33

NetCents Technology (XCNQ:NC) COGS-to-Revenue Explanation

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

NetCents Technology's Gross Margin % for the three months ended in Jul. 2020 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.023 / 0.07
	=	67.14 %

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.

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NetCents Technology (XCNQ:NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.