Bindura Nickel (XZIM:BIND.ZW) COGS-to-Revenue : 1.71 (As of Mar. 2023)

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What is Bindura Nickel COGS-to-Revenue?

Bindura Nickel's Cost of Goods Sold for the six months ended in Mar. 2023 was ZWL9,363 Mil. Its Revenue for the six months ended in Mar. 2023 was ZWL5,480 Mil.

Bindura Nickel's COGS to Revenue for the six months ended in Mar. 2023 was 1.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Bindura Nickel's Gross Margin % for the six months ended in Mar. 2023 was -70.86%.

Bindura Nickel COGS-to-Revenue Historical Data

The historical data trend for Bindura Nickel'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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Bindura Nickel COGS-to-Revenue Chart

Bindura Nickel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.75

0.72

0.76

0.69

1.22

Bindura Nickel Semi-Annual Data
	Sep13	Sep14	Sep15	Sep16	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
COGS-to-Revenue	Get a 7-Day Free Trial								0.82	0.69	0.69	0.97	1.71

Bindura Nickel COGS-to-Revenue Calculation

Bindura Nickel's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19490.316	/	15944.456
	=	1.22

Bindura Nickel's COGS to Revenue for the quarter that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9362.784	/	5479.79
	=	1.71

Bindura Nickel (XZIM:BIND.ZW) COGS-to-Revenue Explanation

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

Bindura Nickel's Gross Margin % for the six months ended in Mar. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	9362.784 / 5479.79
	=	-70.86 %

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.

Bindura Nickel COGS-to-Revenue Related Terms

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Bindura Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bindura Nickel Corp Ltd (XZIM:BIND.ZW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Trojan Mine Road, Trojan Nickel Mine, P.O Box 35, Bindura, ZWE

Website

https://www.binduranickel.co.zw

Bindura Nickel Corp Ltd is a mining company. It is engaged in the mining and extraction of nickel and its by-products (copper and cobalt). Its product is nickel in concentrate which contains nickel sulphide.

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