Fomo Worldwide (Fomo Worldwide) COGS-to-Revenue : 0.79 (As of Sep. 2023)

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What is Fomo Worldwide COGS-to-Revenue?

Fomo Worldwide's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.48 Mil. Its Revenue for the three months ended in Sep. 2023 was $0.61 Mil.

Fomo Worldwide's COGS to Revenue for the three months ended in Sep. 2023 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fomo Worldwide's Gross Margin % for the three months ended in Sep. 2023 was 21.18%.

Fomo Worldwide COGS-to-Revenue Historical Data

The historical data trend for Fomo Worldwide'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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Fomo Worldwide COGS-to-Revenue Chart

Fomo Worldwide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.96

0.82

0.86

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.93	0.78	0.72	0.77	0.79

Fomo Worldwide COGS-to-Revenue Calculation

Fomo Worldwide's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.468	/	7.516
	=	0.86

Fomo Worldwide's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.48	/	0.609
	=	0.79

Fomo Worldwide (OTCPK:IGOT) COGS-to-Revenue Explanation

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

Fomo Worldwide's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.48 / 0.609
	=	21.18 %

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.

Fomo Worldwide COGS-to-Revenue Related Terms

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Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174