TerrAscend (TSX:TSND) COGS-to-Revenue : 0.52 (As of Dec. 2023)

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What is TerrAscend COGS-to-Revenue?

TerrAscend's Cost of Goods Sold for the three months ended in Dec. 2023 was C$60.1 Mil. Its Revenue for the three months ended in Dec. 2023 was C$116.1 Mil.

TerrAscend's COGS to Revenue for the three months ended in Dec. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. TerrAscend's Gross Margin % for the three months ended in Dec. 2023 was 48.25%.

TerrAscend COGS-to-Revenue Historical Data

The historical data trend for TerrAscend'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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TerrAscend COGS-to-Revenue Chart

TerrAscend Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.96

0.35

0.42

0.59

0.50

TerrAscend Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.51	0.50	0.46	0.52

TerrAscend COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	211.476	/	425.727
	=	0.50

TerrAscend's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	60.102	/	116.137
	=	0.52

TerrAscend (TSX:TSND) COGS-to-Revenue Explanation

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

TerrAscend's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	60.102 / 116.137
	=	48.25 %

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.

TerrAscend COGS-to-Revenue Related Terms

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TerrAscend (TSX:TSND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TerrAscend Corp (TSX:TSND) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TSNDF:USA TED:Germany

Address

3610 Mavis Road, Mississauga, ON, CAN, L5C 1W2

Website

https://www.terrascend.com

TerrAscend Corp is a company focused on creating and delivering quality cannabis products and services that meet the evolving needs of patients. It also provides education and support programs to physicians and patients through healthcare professionals. It has one operating segment, being cultivation, production, and sale of cannabis products, with subsidiaries located in Canada and the United States.

Executives

Jason Wild

10% Security Holder, Director

TerrAscend (TSX:TSND) Headlines

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