Veltex (Veltex) COGS-to-Revenue : 0.06 (As of Mar. 2024)

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What is Veltex COGS-to-Revenue?

Veltex's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.02 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.34 Mil.

Veltex's COGS to Revenue for the three months ended in Mar. 2024 was 0.06.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Veltex's Gross Margin % for the three months ended in Mar. 2024 was 94.46%.

Veltex COGS-to-Revenue Historical Data

The historical data trend for Veltex'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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Veltex COGS-to-Revenue Chart

Veltex Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

7.87

0.99

Veltex Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial			18.50	0.15	0.05	-	0.06

Veltex COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.714	/	0.719
	=	0.99

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.019	/	0.343
	=	0.06

Veltex (OTCPK:VLXC) COGS-to-Revenue Explanation

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

Veltex'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	-	0.019 / 0.343
	=	94.46 %

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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Veltex (Veltex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Veltex Corp (OTCPK:VLXC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Madison Street, Suite 1500, Chicago, IL, USA, 60602

Website

https://www.veltex.com

Veltex Corp is a United States-based holding company. The company is engaged in the development and acquisition of companies that have established or advanced the latest modalities in the areas of health, wellness, and recovery. Its market includes rehab centres and treatment centres. The company also acquires real estate properties.