Gryphon Digital Mining (Gryphon Digital Mining) COGS-to-Revenue : 0.50 (As of Dec. 2023)

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What is Gryphon Digital Mining COGS-to-Revenue?

Gryphon Digital Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.40 Mil. Its Revenue for the six months ended in Dec. 2023 was $6.84 Mil.

Gryphon Digital Mining's COGS to Revenue for the six months ended in Dec. 2023 was 0.50.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gryphon Digital Mining's Gross Margin % for the six months ended in Dec. 2023 was 50.25%.

Gryphon Digital Mining COGS-to-Revenue Historical Data

The historical data trend for Gryphon Digital Mining'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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Gryphon Digital Mining COGS-to-Revenue Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.23

0.47

0.50

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
COGS-to-Revenue	0.23	0.47	0.50

Gryphon Digital Mining COGS-to-Revenue Calculation

Gryphon Digital Mining's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.401	/	6.836
	=	0.50

Gryphon Digital Mining's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.401	/	6.836
	=	0.50

Gryphon Digital Mining (NAS:GRYP) COGS-to-Revenue Explanation

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

Gryphon Digital Mining's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3.401 / 6.836
	=	50.25 %

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.

Gryphon Digital Mining COGS-to-Revenue Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (NAS:GRYP) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

Gryphon Digital Mining (Gryphon Digital Mining) Headlines

From GuruFocus

Gryphon Digital Mining Announces January Operational Update

By PRNewswire • 02-13-2024