Red Violet (Red Violet) COGS-to-Revenue : 0.21 (As of Mar. 2024)

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What is Red Violet COGS-to-Revenue?

Red Violet's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.76 Mil. Its Revenue for the three months ended in Mar. 2024 was $17.51 Mil.

Red Violet's COGS to Revenue for the three months ended in Mar. 2024 was 0.21.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Red Violet's Gross Margin % for the three months ended in Mar. 2024 was 78.55%.

Red Violet COGS-to-Revenue Historical Data

The historical data trend for Red Violet'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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Red Violet COGS-to-Revenue Chart

Red Violet Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.40

0.33

0.25

0.23

0.22

Red Violet 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															0.22	0.22	0.21	0.22	0.21

Red Violet COGS-to-Revenue Calculation

Red Violet's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.069	/	60.204
	=	0.22

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.756	/	17.511
	=	0.21

Red Violet (NAS:RDVT) COGS-to-Revenue Explanation

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

Red Violet'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	-	3.756 / 17.511
	=	78.55 %

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.

Red Violet COGS-to-Revenue Related Terms

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Red Violet (Red Violet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Red Violet Inc (NAS:RDVT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

2KH:Germany

Address

2650 North Military Trail, Suite 300, Boca Raton, FL, USA, 33431

Website

https://www.redviolet.com

Red Violet Inc is a software and services company. It specializes in big data analysis, providing cloud-based, mission-critical information solutions to enterprises in a variety of industries. Through its CORE data fusion platform, it provides mission-critical information about individuals, businesses, and assets.

Executives

Michael Brauser	10 percent owner	4400 BISCAYNE BLVD., SUITE 850, MIAMI FL 33137
Greater Miami Jewish Federation, Inc.	10 percent owner	4200 BISCAYNE BLVD., MIAMI FL 33137
Lisa M. Stanton	director	17064 CROSSGATE DRIVE, JUPITER FL 33477
Peter Benz	director	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Frost Phillip Md Et Al	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Gamma Investments Trust	10 percent owner	4400 BISCAYNE BLVD, MIAMI FL 33137
Derek Dubner	director, officer: Chief Executive Officer	2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
James Patrick Reilly	officer: President	2650 N. MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Daniel Maclachlan	officer: Chief Financial Officer	2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Robert Swayman	director	5022 NW 102 DRIVE, CORAL SPRINGS FL 33076
Ryan Schulke	10 percent owner	C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431
Steven D Rubin	director	OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 33137
Jinbo Wang	officer: Chief Accounting Officer, other: Principal Accounting Officer	C/O TIGER MEDIA, INC. ROOM 1705, 511 WEIHAI ROAD, JING AN DISTRICT, SHANGHAI F4 200041
Jeffrey Alan Dell	officer: Chief Information Officer	C/O IDI, INC., 2650 NORTH MILITARY TRAIL, SUITE 300, BOCA RATON FL 33431