FintechWerx International Software Services (XCNQ:WERX) COGS-to-Revenue : 1.31 (As of Oct. 2023)

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What is FintechWerx International Software Services COGS-to-Revenue?

FintechWerx International Software Services's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.06 Mil. Its Revenue for the three months ended in Oct. 2023 was C$0.04 Mil.

FintechWerx International Software Services's COGS to Revenue for the three months ended in Oct. 2023 was 1.31.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. FintechWerx International Software Services's Gross Margin % for the three months ended in Oct. 2023 was -30.95%.

FintechWerx International Software Services COGS-to-Revenue Historical Data

The historical data trend for FintechWerx International Software Services'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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FintechWerx International Software Services COGS-to-Revenue Chart

FintechWerx International Software Services Annual Data

Trend

Apr23

COGS-to-Revenue

FintechWerx International Software Services Quarterly Data
	Jul23	Oct23
COGS-to-Revenue	2.00	1.31

FintechWerx International Software Services COGS-to-Revenue Calculation

FintechWerx International Software Services's COGS to Revenue for the fiscal year that ended in Apr. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0
	=

FintechWerx International Software Services's COGS to Revenue for the quarter that ended in Oct. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.055	/	0.042
	=	1.31

FintechWerx International Software Services (XCNQ:WERX) COGS-to-Revenue Explanation

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

FintechWerx International Software Services's Gross Margin % for the three months ended in Oct. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.055 / 0.042
	=	-30.95 %

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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FintechWerx International Software Services (XCNQ:WERX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FintechWerx International Software Services Inc (XCNQ:WERX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.fintechwerx.com

FintechWerx International Software Services Inc is an e-commerce technology company. The Company is engaged in delivering enrollment, automated identity verification, payment solutions, and data management services. The FintechWerx Platform is a combination of both licensed and proprietary software together the Technology Stack that provides a single comprehensive, suite of services for small to medium sized enterprises.

FintechWerx International Software Services (XCNQ:WERX) Headlines

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