Destiny Media Technologies (FRA:DME1) COGS-to-Revenue : 0.14 (As of Feb. 2024)

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What is Destiny Media Technologies COGS-to-Revenue?

Destiny Media Technologies's Cost of Goods Sold for the three months ended in Feb. 2024 was €0.13 Mil. Its Revenue for the three months ended in Feb. 2024 was €0.91 Mil.

Destiny Media Technologies's COGS to Revenue for the three months ended in Feb. 2024 was 0.14.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Destiny Media Technologies's Gross Margin % for the three months ended in Feb. 2024 was 86.32%.

Destiny Media Technologies COGS-to-Revenue Historical Data

The historical data trend for Destiny Media 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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Destiny Media Technologies COGS-to-Revenue Chart

Destiny Media Technologies Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

COGS-to-Revenue

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0.08

0.09

0.16

0.13

Destiny Media Technologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
COGS-to-Revenue	Get a 7-Day Free Trial															0.14	0.13	0.12	0.14	0.14

Destiny Media Technologies COGS-to-Revenue Calculation

Destiny Media Technologies's COGS to Revenue for the fiscal year that ended in Aug. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.472	/	3.699
	=	0.13

Destiny Media Technologies's COGS to Revenue for the quarter that ended in Feb. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.125	/	0.914
	=	0.14

Destiny Media Technologies (FRA:DME1) COGS-to-Revenue Explanation

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

Destiny Media Technologies's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.125 / 0.914
	=	86.32 %

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.

Destiny Media Technologies COGS-to-Revenue Related Terms

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Destiny Media Technologies (FRA:DME1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (FRA:DME1) » Definitions » COGS-to-Revenue

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DSNY:USA DSY:Canada

Address

428 - 1575 West Georgia Street, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers around the globe.

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