Silo Wellness (XCNQ:SILO) COGS-to-Revenue : 1.23 (As of Jul. 2023)

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What is Silo Wellness COGS-to-Revenue?

Silo Wellness's Cost of Goods Sold for the three months ended in Jul. 2023 was C$0.12 Mil. Its Revenue for the three months ended in Jul. 2023 was C$0.10 Mil.

Silo Wellness's COGS to Revenue for the three months ended in Jul. 2023 was 1.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Silo Wellness's Gross Margin % for the three months ended in Jul. 2023 was -23.16%.

Silo Wellness COGS-to-Revenue Historical Data

The historical data trend for Silo Wellness'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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Silo Wellness COGS-to-Revenue Chart

Silo Wellness Annual Data

Trend

Oct20

Oct21

Oct22

COGS-to-Revenue

8.00

3.23

0.63

Silo Wellness Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
COGS-to-Revenue	Get a 7-Day Free Trial										0.45	0.82	0.23	0.23	1.23

Silo Wellness COGS-to-Revenue Calculation

Silo Wellness's COGS to Revenue for the fiscal year that ended in Oct. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.292	/	0.46
	=	0.63

Silo Wellness's COGS to Revenue for the quarter that ended in Jul. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.117	/	0.095
	=	1.23

Silo Wellness (XCNQ:SILO) COGS-to-Revenue Explanation

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

Silo Wellness's Gross Margin % for the three months ended in Jul. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.117 / 0.095
	=	-23.16 %

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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Silo Wellness (XCNQ:SILO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Silo Wellness Inc (XCNQ:SILO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4

Website

https://www.silowellness.com

Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.

Executives

Michael Hartman

Director