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Myomo's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.46 Mil. Its Revenue for the three months ended in Mar. 2024 was $3.75 Mil.
Myomo's COGS to Revenue for the three months ended in Mar. 2024 was 0.39.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Myomo's Gross Margin % for the three months ended in Mar. 2024 was 61.24%.
The historical data trend for Myomo'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.
Myomo Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
COGS-to-Revenue | Get a 7-Day Free Trial | 0.37 | 0.34 | 0.26 | 0.34 | 0.31 |
Myomo 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 | 0.33 | 0.28 | 0.31 | 0.35 | 0.39 |
Myomo's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 6.059 | / | 19.241 | |
= | 0.31 |
Myomo's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 1.455 | / | 3.754 | |
= | 0.39 |
* 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.
Myomo (AMEX:MYO) COGS-to-Revenue Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Myomo'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 | - | 1.455 / 3.754 | |
= | 61.24 % |
* 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.
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.
Thank you for viewing the detailed overview of Myomo's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas F Kirk | director | |
Milton Mayo Morris | director | 2121 ALLEN PARKWAY, APT 4075, HOUSTON TX 77019 |
Paul R Gudonis | director, officer: Chief Executive Officer | 9 HICKORY ROAD, MANCHESTER MA 01944 |
David A Henry | officer: Chief Financial Officer | |
Harry Kovelman | officer: Chief Medical Officer | C/O MYOMO, INC., 137 PORTLAND ST., 4TH FLOOR, BOSTON MA 02114 |
Yitzchak Jacobovitz | director | MYOMO, INC., 137 PORTLAND ST., 4TH FLOOR, BOSTON MA 02114 |
Micah Mitchell | officer: Chief Commercial Officer | C/O MYOMO, INC., ONE BROADWAY 14TH FLOOR, CAMBRIDGE MA 02139 |
Crowley Thomas Aloysius Jr. | director | 19 ST CLAIR AV, SPRING LAKE NJ 07762 |
Cliff Conneighton | officer: Chief Marketing Officer | 53 DEPOT ROAD, HOLLS NH 03049 |
Jonathan Naft | officer: VP, General Manager | C/O MYOMO, INC., ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Brandon M Green | officer: Chief Medical Officer | C/O MYOMO, INC., ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Ralph A Goldwasser | officer: Chief Financial Officer | BNN CORP, 150 CAMBRIDGEPARK DRIVE, CAMBRIDGE MA 02140 |
Davie Mendelsohn | officer: VP, Sales | C/O MYOMO, INC., ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
Steve Sanghi | director | 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199 |
Amy K. Knapp | director | 75 N. MOUNTAIN AVE, MONTCLAIR NJ 07042 |
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