Mene (MENEF) COGS-to-Revenue : 0.76 (As of Mar. 2024)

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What is Mene COGS-to-Revenue?

Mene's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.73 Mil. Its Revenue for the three months ended in Mar. 2024 was $3.57 Mil.

Mene's COGS to Revenue for the three months ended in Mar. 2024 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mene's Gross Margin % for the three months ended in Mar. 2024 was 23.51%.

Mene COGS-to-Revenue Historical Data

The historical data trend for Mene'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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Mene COGS-to-Revenue Chart

Mene Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.79

0.75

0.76

0.75

Mene Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.76	0.70	0.78	0.76	0.76

Mene COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.015	/	17.36
	=	0.75

Mene's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.729	/	3.568
	=	0.76

Mene (OTCPK:MENEF) COGS-to-Revenue Explanation

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

Mene's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.729 / 3.568
	=	23.51 %

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.

Mene COGS-to-Revenue Related Terms

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Mene (MENEF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mene Inc (OTCPK:MENEF) » Definitions » COGS-to-Revenue

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MENE:Canada

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.mene.com

Mene Inc crafts pure 24-karat gold and platinum jewelry that is transparently sold by gram weight through mene.com, customers may buy jewelry, monitor the value of their collection, and sell or exchange their pieces by gram weight at prevailing market prices. The company retails its jewelry by gram weight direct-to-consumer through an online shopping experience.

Mene (MENEF) Headlines

From GuruFocus

Men? Inc. Announces Appointment of New President & Chief Executive Officer

By Marketwired • 09-07-2023

Men? Inc. Announces Signing of Asset Purchase Agreement

By GlobeNewswire GlobeNewswire • 08-12-2022

Men? Inc. Announces Adoption of Restricted Share Unit Plan

By GlobeNewswire GlobeNewswire • 08-17-2021