Planet Based Foods Global (XCNQ:PBF) COGS-to-Revenue : 1.62 (As of Sep. 2023)

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What is Planet Based Foods Global COGS-to-Revenue?

Planet Based Foods Global's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.12 Mil. Its Revenue for the three months ended in Sep. 2023 was C$0.08 Mil.

Planet Based Foods Global's COGS to Revenue for the three months ended in Sep. 2023 was 1.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Planet Based Foods Global's Gross Margin % for the three months ended in Sep. 2023 was -61.84%.

Planet Based Foods Global COGS-to-Revenue Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global COGS-to-Revenue Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

COGS-to-Revenue

1.04

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial			0.42	1.15	1.33	1.44	1.62

Planet Based Foods Global COGS-to-Revenue Calculation

Planet Based Foods Global's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.322	/	0.311
	=	1.04

Planet Based Foods Global's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.123	/	0.076
	=	1.62

Planet Based Foods Global (XCNQ:PBF) COGS-to-Revenue Explanation

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

Planet Based Foods Global's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.123 / 0.076
	=	-61.84 %

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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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.