Lundin Gold (TSX:LUG) COGS-to-Revenue : 0.50 (As of Mar. 2024)

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What is Lundin Gold COGS-to-Revenue?

Lundin Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$154 Mil. Its Revenue for the three months ended in Mar. 2024 was C$307 Mil.

Lundin Gold's COGS to Revenue for the three months ended in Mar. 2024 was 0.50.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lundin Gold's Gross Margin % for the three months ended in Mar. 2024 was 49.94%.

Lundin Gold COGS-to-Revenue Historical Data

The historical data trend for Lundin Gold'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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Lundin Gold COGS-to-Revenue Chart

Lundin Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.52

0.51

0.55

0.52

Lundin Gold 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															0.48	0.49	0.53	0.59	0.50

Lundin Gold COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	626.981	/	1210.818
	=	0.52

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	153.639	/	306.917
	=	0.50

Lundin Gold (TSX:LUG) COGS-to-Revenue Explanation

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

Lundin Gold'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	-	153.639 / 306.917
	=	49.94 %

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.

Lundin Gold COGS-to-Revenue Related Terms

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Lundin Gold (TSX:LUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lundin Gold Inc (TSX:LUG) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LUGDF:USA LUG:Sweden F1YN:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.lundingold.com

Lundin Gold Inc is a Canada-based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

Executives

Ronald F. Hochstein	Director, Senior Officer
Sheila Margaret Colman	Senior Officer
Chester See	Senior Officer

Lundin Gold (TSX:LUG) Headlines

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