i-80 Gold (TSX:IAU) COGS-to-Revenue : 0.98 (As of Mar. 2024)

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What is i-80 Gold COGS-to-Revenue?

i-80 Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$11.21 Mil. Its Revenue for the three months ended in Mar. 2024 was C$11.39 Mil.

i-80 Gold's COGS to Revenue for the three months ended in Mar. 2024 was 0.98.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. i-80 Gold's Gross Margin % for the three months ended in Mar. 2024 was 1.57%.

i-80 Gold COGS-to-Revenue Historical Data

The historical data trend for i-80 Gold'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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i-80 Gold COGS-to-Revenue Chart

i-80 Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.90

1.09

i-80 Gold Quarterly Data
	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											1.75	1.32	1.04	0.91	0.98

i-80 Gold COGS-to-Revenue Calculation

i-80 Gold's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	80.568	/	73.667
	=	1.09

i-80 Gold's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11.209	/	11.388
	=	0.98

i-80 Gold (TSX:IAU) COGS-to-Revenue Explanation

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

i-80 Gold'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	-	11.209 / 11.388
	=	1.57 %

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.

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i-80 Gold (TSX:IAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » i-80 Gold Corp (TSX:IAU) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

IAUX:USA 8JI:Germany

Address

1100 Russell Street, Thunder Bay, ON, CAN, P7B 5N2

Website

https://www.i80gold.com

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

Executives

John Seaman

Director