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MGO Global (MGO Global) COGS-to-Revenue : 0.25 (As of Mar. 2024)


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What is MGO Global COGS-to-Revenue?

MGO Global's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.17 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.67 Mil.

MGO Global's COGS to Revenue for the three months ended in Mar. 2024 was 0.25.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MGO Global's Gross Margin % for the three months ended in Mar. 2024 was 75.07%.

MGO Global COGS-to-Revenue Historical Data

The historical data trend for MGO Global'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.

* Premium members only.

MGO Global COGS-to-Revenue Chart

MGO Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
0.55 0.45 0.40 0.38

MGO Global Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.32 0.40 0.42 0.25

MGO Global COGS-to-Revenue Calculation

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

COGS to Revenue=Cost of Goods Sold / Revenue
=2.013 / 5.36
=0.38

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

COGS to Revenue=Cost of Goods Sold / Revenue
=0.167 / 0.67
=0.25

* 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.

MGO Global  (NAS:MGOL) COGS-to-Revenue Explanation

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

MGO Global'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 - 0.167 / 0.67
=75.07 %

* 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.

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.

MGO Global COGS-to-Revenue Related Terms

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MGO Global (MGO Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MGO Global Inc (NAS:MGOL) » Definitions » COGS-to-Revenue
Comparable Companies
BAOS ANTE CNET MMND DBMM LDWY SPTY BYOC DMSL SNPW XPAR:PUB OMC SZSE:002027 IPG LSE:WPP TSE:4324 XPAR:DEC TSE:2433 ZD TSE:4751
Traded in Other Exchanges
N/A
Address
1515 SE 17th Street,, Suite 121/ No 460596, Fort Lauderdale, FL, USA, 33346
Website
https://www.mgoglobalinc.com
MGO Global Inc provides branding and marketing services to help clients build positive perceptions about their businesses. The company has one reportable segment which sells a range of products under the soccer legend Lionel (Leo) Messi brand Messi Brand.
Executives
Nicole M. Fernandez-mcgovern director C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Paul Wahlgren director 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Obie Mckenzie director 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Salima Popatia director 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Vincent Ottomanelli officer: CHIEF FINANCIAL OFFICER 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Martin P Scott officer: CHIEF FINANCIAL OFFICER SIMPLEPONS, INC., C/O 220 CONGRESS PARK DRIVE, SUITE 304, DELRAY BEACH FL 33445
Maximiliano Ojeda director, officer: CHIEF EXECUTIVE OFFICER 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Virginia Hilfiger director, officer: CHIEF DESIGN OFFICER 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Julian Groves director, officer: CHIEF OPERATING OFFICER 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Matthew Harward officer: CHIEF MARKETING OFFICER 1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346