Argo Gold (Argo Gold) COGS-to-Revenue : 0.46 (As of Mar. 2024)

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What is Argo Gold COGS-to-Revenue?

Argo Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.18 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.39 Mil.

Argo Gold's COGS to Revenue for the three months ended in Mar. 2024 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Argo Gold's Gross Margin % for the three months ended in Mar. 2024 was 54.03%.

Argo Gold COGS-to-Revenue Historical Data

The historical data trend for Argo 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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Argo Gold COGS-to-Revenue Chart

Argo Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.30

Argo 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															1.00	0.63	0.53	-0.02	0.46

Argo Gold COGS-to-Revenue Calculation

Argo 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
	=	0.216	/	0.71
	=	0.30

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.177	/	0.385
	=	0.46

Argo Gold (OTCPK:ARBTF) COGS-to-Revenue Explanation

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

Argo 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	-	0.177 / 0.385
	=	54.03 %

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.

Argo Gold COGS-to-Revenue Related Terms

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Argo Gold (Argo Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argo Gold Inc (OTCPK:ARBTF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

P3U:Germany ARQ:Canada

Address

350 Bay Street, Suite 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.argogold.com

Argo Gold Inc is focused on gold exploration projects in central and northwestern Ontario. It is engaged in the acquisition, exploration, and development of mineral properties. Its projects include Uchi Gold Project; Woco Zone in the Uchi Gold Project, and Northgate Zone Uchi Gold Project, NW Ontario Gold Projects, Talbot Lake Gold Project, Angela Lake Gold Project, Zinc Silver Cobalt Projects, Hurdman Zinc-Silver Property, and Keelow Lake Project.

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