MJ Holdings (MJ Holdings) COGS-to-Revenue : 0.00 (As of Sep. 2023)

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What is MJ Holdings COGS-to-Revenue?

MJ Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil. Its Revenue for the three months ended in Sep. 2023 was $0.02 Mil.

MJ Holdings's COGS to Revenue for the three months ended in Sep. 2023 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MJ Holdings's Gross Margin % for the three months ended in Sep. 2023 was N/A%.

MJ Holdings COGS-to-Revenue Historical Data

The historical data trend for MJ Holdings'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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MJ Holdings COGS-to-Revenue Chart

MJ Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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1.25

1.32

1.47

1.41

MJ Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															-	-	-	0.03	-

MJ Holdings COGS-to-Revenue Calculation

MJ Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0.362
	=	0.00

MJ Holdings's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0.023
	=	0.00

MJ Holdings (OTCPK:MJNE) COGS-to-Revenue Explanation

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

MJ Holdings's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0 / 0.023
	=	N/A %

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.

MJ Holdings COGS-to-Revenue Related Terms

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MJ Holdings (MJ Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MJ Holdings Inc (OTCPK:MJNE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

5730 Sky Pointe Dr., Suite 102, Las Vegas, NV, USA, 89130

Website

https://www.mjholdingsinc.com

MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry. It provides a full spectrum of infrastructure, cultivation management, production management, distribution consulting, and operating services to cultivation and production operators.

Executives

Paris Balaouras	director, 10 percent owner, officer: Chief Cultivation Officer	212 DESERT VIEW, LAS VEGAS NV 89107
David C. Dear	director	101 COLUMNS CIRCLE, SHELBY NC 28150
Bernard Thomas Moyle	officer: Chief Financial Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Roger James Bloss	officer: Chief Executive Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Terrence Mcgill Tierney	officer: President	245 E 54TH STREET, #9S, NEW YORK NY 10022
Rsgroberg Consulting Llc	officer: President	1256 PANINI DRIVE, ATTN: RICHARD GROBERG, HENDERSON NV 89052