Hut 8 (HUT) COGS-to-Revenue : 0.09 (As of Mar. 2024)

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What is Hut 8 COGS-to-Revenue?

Hut 8's Cost of Goods Sold for the three months ended in Mar. 2024 was $28.1 Mil. Its Revenue for the three months ended in Mar. 2024 was $326.3 Mil.

Hut 8's COGS to Revenue for the three months ended in Mar. 2024 was 0.09.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hut 8's Gross Margin % for the three months ended in Mar. 2024 was 91.37%.

Hut 8 COGS-to-Revenue Historical Data

The historical data trend for Hut 8'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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Hut 8 COGS-to-Revenue Chart

Hut 8 Annual Data

Trend

Jun21

Jun22

COGS-to-Revenue

0.33

Hut 8 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							0.40	0.47	0.53	0.32	0.09

Hut 8 COGS-to-Revenue Calculation

Hut 8's COGS to Revenue for the fiscal year that ended in Jun. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25.783	/	79.185
	=	0.33

Hut 8's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	28.147	/	326.315
	=	0.09

Hut 8 (NAS:HUT) COGS-to-Revenue Explanation

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

Hut 8'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	-	28.147 / 326.315
	=	91.37 %

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.

Hut 8 COGS-to-Revenue Related Terms

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Hut 8 (HUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hut 8 Corp (NAS:HUT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HUT1:Mexico V71:Germany HUT:Canada

Address

1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131

Website

https://www.hut8.com

Hut 8 Corp is harnessing the limitless potential of data by leveraging cutting-edge infrastructure to create value for its customers and shareholders. Led by a seasoned executive team, Hut 8 is bullish on building computing infrastructure that powers Bitcoin mining, traditional data center's, and the dynamic requirements of future technologies like AI and machine learning.

Hut 8 (HUT) Headlines

From GuruFocus

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Hut 8 Corp. (HUT)

By Business Wire • 01-23-2024