Golconda Gold (TSXV:GG) COGS-to-Revenue : 1.09 (As of Dec. 2023)

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What is Golconda Gold COGS-to-Revenue?

Golconda Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.77 Mil. Its Revenue for the three months ended in Dec. 2023 was C$2.55 Mil.

Golconda Gold's COGS to Revenue for the three months ended in Dec. 2023 was 1.09.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Golconda Gold's Gross Margin % for the three months ended in Dec. 2023 was -8.75%.

Golconda Gold COGS-to-Revenue Historical Data

The historical data trend for Golconda Gold'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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Golconda Gold COGS-to-Revenue Chart

Golconda Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.98

0.77

0.87

0.96

Golconda Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															1.13	1.24	0.94	0.72	1.09

Golconda Gold COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12.097	/	12.565
	=	0.96

Golconda Gold's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.771	/	2.548
	=	1.09

Golconda Gold (TSXV:GG) COGS-to-Revenue Explanation

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

Golconda Gold's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.771 / 2.548
	=	-8.75 %

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.

Golconda Gold COGS-to-Revenue Related Terms

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Golconda Gold (TSXV:GG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golconda Gold Ltd (TSXV:GG) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

GGGOF:USA Y87:Germany

Address

181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9

Website

https://www.galanegold.com

Golconda Gold Ltd is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana, South Africa and New Mexico. The company's projects include Mupane in Botswana; Galaxy in South Africa; and Summit and Banner Mill in the United States of America. It has one reportable segment, being the exploration, development and operation of gold mining properties.

Executives

Ravi Sood

Director