Lotus Ventures (XCNQ:J) COGS-to-Revenue : 1.19 (As of Aug. 2023)

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What is Lotus Ventures COGS-to-Revenue?

Lotus Ventures's Cost of Goods Sold for the three months ended in Aug. 2023 was C$0.90 Mil. Its Revenue for the three months ended in Aug. 2023 was C$0.75 Mil.

Lotus Ventures's COGS to Revenue for the three months ended in Aug. 2023 was 1.19.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lotus Ventures's Gross Margin % for the three months ended in Aug. 2023 was -19.15%.

Lotus Ventures COGS-to-Revenue Historical Data

The historical data trend for Lotus Ventures'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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Lotus Ventures COGS-to-Revenue Chart

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

COGS-to-Revenue

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0.20

0.49

2.92

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
COGS-to-Revenue	Get a 7-Day Free Trial															10.16	3.96	0.66	0.55	1.19

Lotus Ventures COGS-to-Revenue Calculation

Lotus Ventures's COGS to Revenue for the fiscal year that ended in Aug. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.93	/	1.69
	=	2.92

Lotus Ventures's COGS to Revenue for the quarter that ended in Aug. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.896	/	0.752
	=	1.19

Lotus Ventures (XCNQ:J) COGS-to-Revenue Explanation

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

Lotus Ventures's Gross Margin % for the three months ended in Aug. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.896 / 0.752
	=	-19.15 %

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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Lotus Ventures (XCNQ:J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lotus Ventures Inc (XCNQ:J) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.

Executives

Gary Kenneth Mathiesen

Senior Officer