WeCommerce Holdings (TSXV:WE) COGS-to-Revenue : 0.59 (As of Dec. 2022)

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What is WeCommerce Holdings COGS-to-Revenue?

WeCommerce Holdings's Cost of Goods Sold for the three months ended in Dec. 2022 was C$7.89 Mil. Its Revenue for the three months ended in Dec. 2022 was C$13.30 Mil.

WeCommerce Holdings's COGS to Revenue for the three months ended in Dec. 2022 was 0.59.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. WeCommerce Holdings's Gross Margin % for the three months ended in Dec. 2022 was 40.71%.

WeCommerce Holdings COGS-to-Revenue Historical Data

The historical data trend for WeCommerce 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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WeCommerce Holdings COGS-to-Revenue Chart

WeCommerce Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

0.67

0.59

0.52

0.63

WeCommerce Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
COGS-to-Revenue	Get a 7-Day Free Trial									0.53	0.59	0.72	0.63	0.59

WeCommerce Holdings COGS-to-Revenue Calculation

WeCommerce 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
	=	30.597	/	48.472
	=	0.63

WeCommerce Holdings's COGS to Revenue for the quarter that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.885	/	13.3
	=	0.59

WeCommerce Holdings (TSXV:WE) COGS-to-Revenue Explanation

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

WeCommerce Holdings's Gross Margin % for the three months ended in Dec. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	7.885 / 13.3
	=	40.71 %

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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WeCommerce Holdings (TSXV:WE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WeCommerce Holdings Ltd (TSXV:WE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

329 Howe Street, PMB 2066, Victoria, BC, CAN, V6C 3N2

Website

https://www.wecommerce.co

WeCommerce Holdings Ltd is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Stamped and Foursixty. The company's primary focus is to build, grow and acquire businesses that serve the Shopify Partner ecosystem. These businesses consist largely of Software as a Service, Digital Goods and Services businesses. Generally, these businesses build Apps and Themes and run Agencies that support Shopify merchants. The company targets businesses within the Shopify ecosystem due to its confidence in the Shopify platform, the fragmented nature of the ecosystem and the attractive economics that the businesses generally exhibit. Its segments include Themes, Apps and Agency.

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