Thor Explorations (TSXV:THX) COGS-to-Revenue : 0.44 (As of Mar. 2024)

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What is Thor Explorations COGS-to-Revenue?

Thor Explorations's Cost of Goods Sold for the three months ended in Mar. 2024 was C$20.0 Mil. Its Revenue for the three months ended in Mar. 2024 was C$45.1 Mil.

Thor Explorations's COGS to Revenue for the three months ended in Mar. 2024 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Thor Explorations's Gross Margin % for the three months ended in Mar. 2024 was 55.67%.

Thor Explorations COGS-to-Revenue Historical Data

The historical data trend for Thor Explorations'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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Thor Explorations COGS-to-Revenue Chart

Thor Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.68

0.57

0.73

Thor Explorations 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															0.73	0.67	0.79	0.77	0.44

Thor Explorations COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	137.601	/	189.494
	=	0.73

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	19.987	/	45.091
	=	0.44

Thor Explorations (TSXV:THX) COGS-to-Revenue Explanation

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

Thor Explorations'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	-	19.987 / 45.091
	=	55.67 %

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.

Thor Explorations COGS-to-Revenue Related Terms

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Thor Explorations (TSXV:THX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (TSXV:THX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

THXPF:USA THX:UK T2X:Germany

Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

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