Lundin Mining (TSX:LUN) COGS-to-Revenue : 0.82 (As of Dec. 2023)

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What is Lundin Mining COGS-to-Revenue?

Lundin Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1,169 Mil. Its Revenue for the three months ended in Dec. 2023 was C$1,422 Mil.

Lundin Mining's COGS to Revenue for the three months ended in Dec. 2023 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lundin Mining's Gross Margin % for the three months ended in Dec. 2023 was 17.82%.

Lundin Mining COGS-to-Revenue Historical Data

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

Lundin Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.76

0.59

0.75

0.81

Lundin Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.81	0.72	0.91	0.80	0.82

Lundin Mining COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3675.587	/	4550.811
	=	0.81

Lundin Mining's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1168.658	/	1422.105
	=	0.82

Lundin Mining (TSX:LUN) COGS-to-Revenue Explanation

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

Lundin Mining's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1168.658 / 1422.105
	=	17.82 %

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 Mining COGS-to-Revenue Related Terms

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Lundin Mining (TSX:LUN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LUNMF:USA LUMI:Sweden LUMIs:UK 0RQ9:UK GXD:Germany

Address

150 King Street West, Suite 2200, P.O. Box 38, Toronto, ON, CAN, M5H 1J9

Website

https://www.lundinmining.com

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, Eagle, and Neves-Corvo. Majority of the revenue is from Copper.

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