Good Gamer Entertainment (TSXV:GOOD) COGS-to-Revenue : 0.95 (As of Dec. 2023)

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What is Good Gamer Entertainment COGS-to-Revenue?

Good Gamer Entertainment's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.10 Mil. Its Revenue for the three months ended in Dec. 2023 was C$0.11 Mil.

Good Gamer Entertainment's COGS to Revenue for the three months ended in Dec. 2023 was 0.95.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Good Gamer Entertainment's Gross Margin % for the three months ended in Dec. 2023 was 4.67%.

Good Gamer Entertainment COGS-to-Revenue Historical Data

The historical data trend for Good Gamer Entertainment'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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Good Gamer Entertainment COGS-to-Revenue Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

COGS-to-Revenue

4.64

52.00

0.42

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial					0.40	1.00	0.84	1.25	0.95

Good Gamer Entertainment COGS-to-Revenue Calculation

Good Gamer Entertainment's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.059	/	0.139
	=	0.42

Good Gamer Entertainment's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.102	/	0.107
	=	0.95

Good Gamer Entertainment (TSXV:GOOD) COGS-to-Revenue Explanation

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

Good Gamer Entertainment'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	-	0.102 / 0.107
	=	4.67 %

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.

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Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

GGAMF:USA

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.