Xigem Technologies (XCNQ:XIGM) COGS-to-Revenue : 0.97 (As of Sep. 2024)

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What is Xigem Technologies COGS-to-Revenue?

Xigem Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.16 Mil. Its Revenue for the three months ended in Sep. 2024 was C$0.17 Mil.

Xigem Technologies's COGS to Revenue for the three months ended in Sep. 2024 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xigem Technologies's Gross Margin % for the three months ended in Sep. 2024 was 2.98%.

Xigem Technologies COGS-to-Revenue Historical Data

The historical data trend for Xigem Technologies'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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Xigem Technologies COGS-to-Revenue Chart

Xigem Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.97

Xigem Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															-	-	0.97	0.97	0.97

Xigem Technologies COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.427	/	0.44
	=	0.97

Xigem Technologies's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.163	/	0.168
	=	0.97

Xigem Technologies (XCNQ:XIGM) COGS-to-Revenue Explanation

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

Xigem Technologies's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.163 / 0.168
	=	2.98 %

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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Xigem Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xigem Technologies Corp (XCNQ:XIGM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

XIGMF:USA VZ6:Germany

Address

401 Bay Street, Suite 2704, Box 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.xigemtechnologies.com

Xigem Technologies Corp is a SaaS technology platform with software capable of improving capacity, productivity, and overall remote operations for businesses, consumers, and other organizations. It consists of a comprehensive cloud-computing solution for remote business operations and institutions, giving safety and access to remote virtual work environments.

Executives

Stephen Edward Coates

Director

Xigem Technologies Headlines

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