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SilverSun Technologies (SilverSun Technologies) COGS-to-Revenue : 0.61 (As of Mar. 2024)


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What is SilverSun Technologies COGS-to-Revenue?

SilverSun Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $8.78 Mil. Its Revenue for the three months ended in Mar. 2024 was $14.44 Mil.

SilverSun Technologies's COGS to Revenue for the three months ended in Mar. 2024 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. SilverSun Technologies's Gross Margin % for the three months ended in Mar. 2024 was 39.19%.

SilverSun Technologies COGS-to-Revenue Historical Data

The historical data trend for SilverSun Technologies'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.

SilverSun Technologies COGS-to-Revenue Chart

SilverSun Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.60 0.59 0.60 0.60

SilverSun Technologies 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.61 0.60 0.61 0.61

SilverSun Technologies COGS-to-Revenue Calculation

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

COGS to Revenue=Cost of Goods Sold / Revenue
=32.903 / 54.517
=0.60

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

COGS to Revenue=Cost of Goods Sold / Revenue
=8.779 / 14.436
=0.61

* 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.

SilverSun Technologies  (NAS:SSNT) COGS-to-Revenue Explanation

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

SilverSun Technologies'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 - 8.779 / 14.436
=39.19 %

* 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.

SilverSun Technologies COGS-to-Revenue Related Terms

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SilverSun Technologies (SilverSun Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » SilverSun Technologies Inc (NAS:SSNT) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
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Address
120 Eagle Rock Avenue, East Hanover, NJ, USA, 07936
Website
https://www.silversuntech.com
SilverSun Technologies Inc is a business application, technology, and consulting company. It is engaged in providing strategies and solutions to meet information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets in the cloud. It offers solutions for accounting and business management, financial reporting, enterprise resource planning (ERP), warehouse management systems (WMS), customer relationship management (CRM) and business intelligence (BI). The company has a network services practice, which provides managed services, hosting, business continuity, cloud, e-mail, and Web services.
Executives
Stanley Wunderlich director
John D. Schachtel director 979 BATESVILLE ROAD, SUITE B, GREER SC 29651
Joseph P Macaluso director
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Ault Milton C Iii 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jeffrey D Roth 10 percent owner 202 VIERA DRIVE, CEDAR KNOLLS NJ 07927-2402
Christine Elizabeth Dye officer: Chief Financial Officer 120 EAGLE ROCK AVE., SUITE 330, EAST HANOVER NJ 07936
Crandall Iii Melvin officer: Chief Financial Officer 5 REGENT ST #520, LIVINGSTON NJ 07039
John Rudy director C/O ADSTAR INC., 4553 GLENCOE AVENUE SUITE 325, MARINA DEL REY CA 90292
Mark Meller director, 10 percent owner, officer: President and CEO C/O TREY RESOURCES, INC., 293 EISENHOWER PARKWAY, SUITE 250, LIVINGSTON NJ 07039
Jerome R Mahoney director, 10 percent owner, officer: President, Secretary and CEO C/O VOICE INC, 750 HIGHWAY 34, MATAWAN NJ 07747