11 bit studios (LTS:0RE0) COGS-to-Revenue : 0.01 (As of Mar. 2024)

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What is 11 bit studios COGS-to-Revenue?

11 bit studios's Cost of Goods Sold for the three months ended in Mar. 2024 was zł0.20 Mil. Its Revenue for the three months ended in Mar. 2024 was zł15.33 Mil.

11 bit studios's COGS to Revenue for the three months ended in Mar. 2024 was 0.01.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. 11 bit studios's Gross Margin % for the three months ended in Mar. 2024 was 98.72%.

11 bit studios COGS-to-Revenue Historical Data

The historical data trend for 11 bit studios'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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11 bit studios COGS-to-Revenue Chart

11 bit studios Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.01

0.02

11 bit studios 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															0.01	0.02	0.02	0.01	0.01

11 bit studios COGS-to-Revenue Calculation

11 bit studios's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.803	/	52.273
	=	0.02

11 bit studios's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.196	/	15.326
	=	0.01

11 bit studios (LTS:0RE0) COGS-to-Revenue Explanation

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

11 bit studios'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	-	0.196 / 15.326
	=	98.72 %

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.

11 bit studios COGS-to-Revenue Related Terms

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11 bit studios (LTS:0RE0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 11 bit studios SA (LTS:0RE0) » Definitions » COGS-to-Revenue

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11B:Poland 11C:Germany

Address

Brechta 7, Warszawa, POL, 03-472

Website

http://www.11bitstudios.pl

11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.

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