Titan Environmental Solutions (Titan Environmental Solutions) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Titan Environmental Solutions COGS-to-Revenue?

Titan Environmental Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.62 Mil. Its Revenue for the three months ended in Mar. 2024 was $1.76 Mil.

Titan Environmental Solutions's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Titan Environmental Solutions's Gross Margin % for the three months ended in Mar. 2024 was 7.57%.

Titan Environmental Solutions COGS-to-Revenue Historical Data

The historical data trend for Titan Environmental Solutions'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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Titan Environmental Solutions COGS-to-Revenue Chart

Titan Environmental Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.63

0.54

1.00

0.85

Titan Environmental Solutions 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															1.08	0.85	0.75	0.88	0.92

Titan Environmental Solutions COGS-to-Revenue Calculation

Titan Environmental Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.504	/	7.625
	=	0.85

Titan Environmental Solutions's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.623	/	1.756
	=	0.92

Titan Environmental Solutions (OTCPK:TESI) COGS-to-Revenue Explanation

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

Titan Environmental Solutions'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	-	1.623 / 1.756
	=	7.57 %

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.

Titan Environmental Solutions COGS-to-Revenue Related Terms

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Titan Environmental Solutions (Titan Environmental Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Titan Environmental Solutions Inc (OTCPK:TESI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

14205 SE 36th Street, Suite 100, Bellevue, WA, USA, 98006

Website

https://www.traqiq.com

Titan Environmental Solutions Inc is a integrated providing company that provides non-hazardous solid waste and recycling collection, transportation, transfer and disposal services. It also provides technology-enabled solutions for food waste processing, including onsite digesters for food waste, together with cloud-based software tracking and analytics solutions.

Executives

Eleven 11 Management Llc	10 percent owner	156 W. SADDLE RIVER ROAD, SADDLE RIVER NJ 07458
Jeffrey John Rizzo	director, 10 percent owner, officer: Chief Operating Officer	1931 AUSTIN DRIVE, TROY MI 48083
Michelle Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michelle M. Rizzo Trust, Dated January 17, 2009	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn D. Rizzo Trust, Dated April 23, 2010, As Amended	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan 5, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan Holdings 2, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michael Jansen	officer: Chief Financial Officer	1931 AUSTIN DRIVE, TROY MI 48083
Glen Martin Miller	director, officer: Chief Executive Officer	1931 AUSTIN DRIVE, TROY MI 48083
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Sandeep Soni	officer: President of Kringle.ai	515 OCEAN AVENUE, UNIT 401N, SANTA MONICA CA 90402
Lathika Regunathan	officer: President of Mimo Technologies	A 847, GROUND FLOOR, LAVY PINTO BLOCK,, ASIAN GAMES VILLAGE, NEW DELHI K7 110049
Michael H Pollack	officer: Interim CFO	114 WEST 47TH STREET, 19TH FLOOR, NEW YORK NY 10036
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540