Two Hands (XCNQ:TWOH) COGS-to-Revenue : 0.91 (As of Mar. 2024)

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What is Two Hands COGS-to-Revenue?

Two Hands's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.20 Mil. Its Revenue for the three months ended in Mar. 2024 was C$0.22 Mil.

Two Hands's COGS to Revenue for the three months ended in Mar. 2024 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Two Hands's Gross Margin % for the three months ended in Mar. 2024 was 9.05%.

Two Hands COGS-to-Revenue Historical Data

The historical data trend for Two Hands'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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Two Hands COGS-to-Revenue Chart

Two Hands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.87

0.90

0.93

0.92

Two Hands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.91	0.94	0.74	1.11	0.91

Two Hands COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.967	/	1.05
	=	0.92

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.201	/	0.221
	=	0.91

Two Hands (XCNQ:TWOH) COGS-to-Revenue Explanation

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

Two Hands'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	-	0.201 / 0.221
	=	9.05 %

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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Two Hands (XCNQ:TWOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Two Hands Corp (XCNQ:TWOH) » Definitions » COGS-to-Revenue

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TWOH:USA

Address

1035 Queensway East, Mississauga, ON, CAN, L4Y 4C1

Website

https://www.twohandsgroup.com

Two Hands Corporation is a custom application development company in the digital technologies sector. The company delivers diversified solutions to companies in North America. It has three business divisions namely gocart.city, Grocery Originals, and Cuore Food Services. gocart.city is the company's online delivery marketplace, allowing consumers to shop online and have their groceries delivered. Grocery Originals is the company's brick-and-mortar grocery store located in Mississauga Ontario at the site of the company's warehouse. Cuore Food Services is the company's wholesale food distribution branch.