Heritage Global (XCNQ:HGP) COGS-to-Revenue : 0.91 (As of Dec. 2023)

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What is Heritage Global COGS-to-Revenue?

Heritage Global's Cost of Goods Sold for the three months ended in Dec. 2023 was C$18.74 Mil. Its Revenue for the three months ended in Dec. 2023 was C$20.51 Mil.

Heritage Global's COGS to Revenue for the three months ended in Dec. 2023 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Heritage Global's Gross Margin % for the three months ended in Dec. 2023 was 8.62%.

Heritage Global COGS-to-Revenue Historical Data

The historical data trend for Heritage Global'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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Heritage Global COGS-to-Revenue Chart

Heritage Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.64

0.61

0.57

0.78

0.65

Heritage Global 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															0.95	0.57	0.64	0.58	0.91

Heritage Global COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	52.525	/	81.227
	=	0.65

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18.738	/	20.505
	=	0.91

Heritage Global (XCNQ:HGP) COGS-to-Revenue Explanation

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

Heritage Global'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	-	18.738 / 20.505
	=	8.62 %

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.

Heritage Global COGS-to-Revenue Related Terms

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Heritage Global (XCNQ:HGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Heritage Global Inc (XCNQ:HGP) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HGBL:USA LGC:Germany

Address

12625 High Bluff Drive, Suite 305, San Diego, CA, USA, 92130

Website

https://www.hginc.com

Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.

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