Securetech Innovations (Securetech Innovations) COGS-to-Revenue : 0.23 (As of Mar. 2024)

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What is Securetech Innovations COGS-to-Revenue?

Securetech Innovations's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.01 Mil.

Securetech Innovations's COGS to Revenue for the three months ended in Mar. 2024 was 0.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Securetech Innovations's Gross Margin % for the three months ended in Mar. 2024 was 76.92%.

Securetech Innovations COGS-to-Revenue Historical Data

The historical data trend for Securetech Innovations'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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Securetech Innovations COGS-to-Revenue Chart

Securetech Innovations Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.30

0.28

0.25

Securetech Innovations 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															0.25	0.28	0.25	0.17	0.23

Securetech Innovations COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.012	/	0.048
	=	0.25

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.003	/	0.013
	=	0.23

Securetech Innovations (OTCPK:SCTH) COGS-to-Revenue Explanation

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

Securetech Innovations'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	-	0.003 / 0.013
	=	76.92 %

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.

Securetech Innovations COGS-to-Revenue Related Terms

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Securetech Innovations (Securetech Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Securetech Innovations Inc (OTCPK:SCTH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2355 Highway 36 West, Suite 400, Roseville, MN, USA, 55113

Website

https://www.securetechinnovations.com

Securetech Innovations Inc is engaged in developing and marketing personal and automobile security and safety devices and technologies. Its primary source of revenue is from the sale of its Top Kontrol product which is an anti-theft and anti-carjacking system.

Executives

African Resource Group, Inc.	10 percent owner	9353 OUTER BANKS AVE., LAS VEGAS NV 89149
Anthony Vang	director, officer: Treasurer/Secretary	2355 HIGHWAY 36 WEST, SUITE 400, ROSEVILLE MN 55113
Lee Kao	director, 10 percent owner, officer: President/CEO	2355 HIGHWAY 36 WEST, SUITE 400, ROSEVILLE MN 55113
Abdikarim Farah	officer: Vice President	2355 HIGHWAY 36 WEST, STE. 400, ROSEVILLE MN 55113