BYND Cannasoft Enterprises (BYND Cannasoft Enterprises) COGS-to-Revenue : 0.79 (As of Mar. 2024)

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What is BYND Cannasoft Enterprises COGS-to-Revenue?

BYND Cannasoft Enterprises'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 $0.23 Mil.

BYND Cannasoft Enterprises's COGS to Revenue for the three months ended in Mar. 2024 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. BYND Cannasoft Enterprises's Gross Margin % for the three months ended in Mar. 2024 was 21.49%.

BYND Cannasoft Enterprises COGS-to-Revenue Historical Data

The historical data trend for BYND Cannasoft Enterprises'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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BYND Cannasoft Enterprises COGS-to-Revenue Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.49

0.45

0.63

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial											0.25	0.74	0.64	1.28	0.79

BYND Cannasoft Enterprises COGS-to-Revenue Calculation

BYND Cannasoft Enterprises's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.506	/	0.803
	=	0.63

BYND Cannasoft Enterprises's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.179	/	0.228
	=	0.79

BYND Cannasoft Enterprises (NAS:BCAN) COGS-to-Revenue Explanation

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

BYND Cannasoft Enterprises'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	-	0.179 / 0.228
	=	21.49 %

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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BYND Cannasoft Enterprises (BYND Cannasoft Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (NAS:BCAN) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

BYND:Canada

Address

2264 East 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.