Orezone Gold (TSX:ORE) COGS-to-Revenue : 0.58 (As of Mar. 2024)

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What is Orezone Gold COGS-to-Revenue?

Orezone Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$51.2 Mil. Its Revenue for the three months ended in Mar. 2024 was C$87.6 Mil.

Orezone Gold's COGS to Revenue for the three months ended in Mar. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Orezone Gold's Gross Margin % for the three months ended in Mar. 2024 was 41.56%.

Orezone Gold COGS-to-Revenue Historical Data

The historical data trend for Orezone 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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Orezone Gold COGS-to-Revenue Chart

Orezone Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.62

0.64

Orezone Gold 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															0.51	0.59	0.75	0.76	0.58

Orezone Gold COGS-to-Revenue Calculation

Orezone 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
	=	233.896	/	364.232
	=	0.64

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	51.171	/	87.558
	=	0.58

Orezone Gold (TSX:ORE) COGS-to-Revenue Explanation

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

Orezone 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	-	51.171 / 87.558
	=	41.56 %

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.

Orezone Gold COGS-to-Revenue Related Terms

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Orezone Gold (TSX:ORE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ORZCF:USA OEX:Germany

Address

505 Burrard Street, Suite 450, Bentall Tower 1, Vancouver, BC, CAN, V7X 1M3

Website

https://www.orezone.com

Orezone Gold Corp is a Canada-based gold mining company mainly engaged in the exploration and evaluation and development of gold. The company operates the open pit Bombore Gold Mine in Burkina Faso. The company operates in the business segment of acquisition, exploration, and potential development of precious metal properties. In addition to social responsibility and sustainability, Orezone has an experienced team in project construction and operations, financings, capital markets and M&A.

Executives

Ryan Goodman

Senior Officer

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