Glass House Brands (NEOE:GLAS.A.U) COGS-to-Revenue : 0.58 (As of Mar. 2024)

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What is Glass House Brands COGS-to-Revenue?

Glass House Brands's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.6 Mil. Its Revenue for the three months ended in Mar. 2024 was $30.1 Mil.

Glass House Brands's COGS to Revenue for the three months ended in Mar. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Glass House Brands's Gross Margin % for the three months ended in Mar. 2024 was 41.61%.

Glass House Brands COGS-to-Revenue Historical Data

The historical data trend for Glass House Brands'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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Glass House Brands COGS-to-Revenue Chart

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.61

0.75

0.76

0.50

Glass House Brands Quarterly Data
	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												0.54	0.45	0.46	0.52	0.58

Glass House Brands COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	79.867	/	160.836
	=	0.50

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	17.575	/	30.101
	=	0.58

Glass House Brands (NEOE:GLAS.A.U) COGS-to-Revenue Explanation

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

Glass House Brands'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	-	17.575 / 30.101
	=	41.61 %

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.

Glass House Brands COGS-to-Revenue Related Terms

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Glass House Brands (NEOE:GLAS.A.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (NEOE:GLAS.A.U) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GLASF:USA 4KF0:Germany

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.

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