Tenet Fintech Group (XCNQ:PKK) COGS-to-Revenue : 0.86 (As of Dec. 2023)

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What is Tenet Fintech Group COGS-to-Revenue?

Tenet Fintech Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$5.67 Mil. Its Revenue for the three months ended in Dec. 2023 was C$6.57 Mil.

Tenet Fintech Group's COGS to Revenue for the three months ended in Dec. 2023 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tenet Fintech Group's Gross Margin % for the three months ended in Dec. 2023 was 13.74%.

Tenet Fintech Group COGS-to-Revenue Historical Data

The historical data trend for Tenet Fintech Group'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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Tenet Fintech Group COGS-to-Revenue Chart

Tenet Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.46

0.84

0.87

0.75

0.68

Tenet Fintech Group Quarterly Data
	Mar19	Jun19	Sep19	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															0.37	0.63	0.67	0.62	0.86

Tenet Fintech Group COGS-to-Revenue Calculation

Tenet Fintech Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	28.572	/	42.087
	=	0.68

Tenet Fintech Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5.669	/	6.572
	=	0.86

Tenet Fintech Group (XCNQ:PKK) COGS-to-Revenue Explanation

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

Tenet Fintech Group'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	-	5.669 / 6.572
	=	13.74 %

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.

Tenet Fintech Group COGS-to-Revenue Related Terms

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Tenet Fintech Group (XCNQ:PKK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Tenet Fintech Group Inc (XCNQ:PKK) » Definitions » COGS-to-Revenue

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PKKFF:USA P0T:Germany

Address

119 Spadina Avenue, Suite 705, Toronto, ON, CAN, M5V 2L1

Website

https://www.tenetfintech.com

Tenet Fintech Group Inc is the parent company of a group of innovative FinTech and AI companies. Together with its subsidiaries, It provides various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business transactions among its members.

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