Spetz (XCNQ:SPTZ) COGS-to-Revenue : 0.21 (As of Mar. 2024)

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What is Spetz COGS-to-Revenue?

Spetz's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.15 Mil. Its Revenue for the three months ended in Mar. 2024 was C$0.74 Mil.

Spetz's COGS to Revenue for the three months ended in Mar. 2024 was 0.21.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Spetz's Gross Margin % for the three months ended in Mar. 2024 was 79.32%.

Spetz COGS-to-Revenue Historical Data

The historical data trend for Spetz'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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Spetz COGS-to-Revenue Chart

Spetz Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Dec23

COGS-to-Revenue

0.22

Spetz Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.22	0.21	0.21	0.23	0.21

Spetz COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.596	/	2.725
	=	0.22

Spetz's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.152	/	0.735
	=	0.21

Spetz (XCNQ:SPTZ) COGS-to-Revenue Explanation

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

Spetz's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.152 / 0.735
	=	79.32 %

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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Spetz (XCNQ:SPTZ) Business Description

Industry

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

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Traded in Other Exchanges

DBKSF:USA

Address

200 Cochrane Drive, Unit 1A, Markham, ON, CAN, L3R 8E7

Website

https://www.spetz.app

Spetz Inc is a technology company that primarily operates Spetz, a global online, AIpowered marketplace platform that dynamically connects consumers to nearby top-rated service providers in as little as 30 seconds. Spetz currently operates in the United States, United Kingdom, Australia and Israel. The Company has launched two Spetz applications for both sides of the market; one for consumers and one for service providers (collectively the Spetz App). The Spetz App is available for download on the iOS App Store and Google Play Store.

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