Goodness Growth Holdings (XCNQ:GDNS) COGS-to-Revenue : 0.49 (As of Mar. 2024)

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What is Goodness Growth Holdings COGS-to-Revenue?

Goodness Growth Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was C$16.0 Mil. Its Revenue for the three months ended in Mar. 2024 was C$32.6 Mil.

Goodness Growth Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.49.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Goodness Growth Holdings's Gross Margin % for the three months ended in Mar. 2024 was 50.83%.

Goodness Growth Holdings COGS-to-Revenue Historical Data

The historical data trend for Goodness Growth 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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Goodness Growth Holdings COGS-to-Revenue Chart

Goodness Growth Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.76

0.65

0.64

0.59

0.50

Goodness Growth Holdings 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															0.50	0.54	0.47	0.50	0.49

Goodness Growth Holdings COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	59.069	/	118.239
	=	0.50

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	16.031	/	32.604
	=	0.49

Goodness Growth Holdings (XCNQ:GDNS) COGS-to-Revenue Explanation

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

Goodness Growth Holdings'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	-	16.031 / 32.604
	=	50.83 %

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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Goodness Growth Holdings (XCNQ:GDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Goodness Growth Holdings Inc (XCNQ:GDNS) » Definitions » COGS-to-Revenue

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GDNSF:USA

Address

885 West Georgia Street, Suite 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.goodnessgrowth.com

Goodness Growth Holdings Inc is a cannabis company whose mission is to provide safe access, quality products and value to its customers while supporting its local communities through active participation and restorative justice programs. It operates in one business segment, namely the Cannabis segment that cultivates, processes, and distributes medical and adult-use cannabis products in a variety of formats, as well as related accessories in Maryland, Minnesota, New Mexico, New York, and formerly Arizona, and Ohio.

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