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Worksport's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.75 Mil. Its Revenue for the three months ended in Dec. 2023 was $0.84 Mil.
Worksport's COGS to Revenue for the three months ended in Dec. 2023 was 0.89.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Worksport's Gross Margin % for the three months ended in Dec. 2023 was 10.97%.
The historical data trend for Worksport'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.
Worksport Annual Data | |||||||||||||||||||||
Trend | Sep14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
COGS-to-Revenue | Get a 7-Day Free Trial | 0.88 | 0.86 | 1.15 | 0.49 | 0.84 |
Worksport 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 | -0.05 | 0.63 | 0.77 | 0.80 | 0.89 |
Worksport's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 1.289 | / | 1.53 | |
= | 0.84 |
Worksport's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 0.747 | / | 0.839 | |
= | 0.89 |
* 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.
Worksport (NAS:WKSP) COGS-to-Revenue Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Worksport'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 | - | 0.747 / 0.839 | |
= | 10.97 % |
* 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.
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.
Thank you for viewing the detailed overview of Worksport's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Ned L Siegel | director | 600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017 |
William J Caragol | director | 1690 SOUTH CONGRESS AVENUE, SUITE 200, DELRAY BEACH FL 33445 |
Craig William Loverock | director | 48 UNION AVE, PORT PERRY A6 L9L 1G2 |
Michael D Johnston | officer: Chief Financial Officer | 340 RICHMOND STREET WEST, TORONTO Z4 MSV 1X2 |
Lorenzo Rossi | director, officer: Treasurer | 1895 CLEMENTS ROAD, SUITE 155, PICKERING A6 M1P 4Y9 |
Steven Raivio | director, officer: COO, Secretary | 8820 JANE STREET, VAUGHAN A6 L4K 2M9 |
Steven F. Rossi | 10 percent owner | 1895 CLEMENTS ROAD, PICKERING A6 M1P 4Y9 |
Truxmart Ltd. | 10 percent owner | 1895 CLEMENTS ROAD, PICKERING A6 MIP 4Y9 |
Mathis Family Partners Ltd. | 10 percent owner | 2560 W. MAIN STREET, SUITE 200, LITTLETON CO 80120 |
Lazzeri Family Trust, Robert Lazzeri, Trustee | 10 percent owner | 5046 CHRISTENSEN DRIVE, LITTLETON CO 80123 |
Earnco M.p.p.p. | 10 percent owner | 2560 W MAIN ST, STE 200, LITTLETON CO 80120 |
Lazzeri Equity Partners 401k Plan | 10 percent owner | 2560 W MAIN STREET, SUITE 200, LITTLETON CO 80120 |
A. J. Boisdrenghien | director, 10 percent owner, officer: President | 5910 SOUTH UNIVERSITY BOULEVARD, C-18, UNIT 165, LITTLETON CO 80121-2800 |
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