Kings Entertainment Group (XCNQ:JKPT) COGS-to-Revenue : 0.44 (As of Sep. 2023)

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What is Kings Entertainment Group COGS-to-Revenue?

Kings Entertainment Group's Cost of Goods Sold for the three months ended in Sep. 2023 was C$1.00 Mil. Its Revenue for the three months ended in Sep. 2023 was C$2.27 Mil.

Kings Entertainment Group's COGS to Revenue for the three months ended in Sep. 2023 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Kings Entertainment Group's Gross Margin % for the three months ended in Sep. 2023 was 55.99%.

Kings Entertainment Group COGS-to-Revenue Historical Data

The historical data trend for Kings Entertainment Group'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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Kings Entertainment Group COGS-to-Revenue Chart

Kings Entertainment Group Annual Data

Trend

Dec20

Dec21

Dec22

COGS-to-Revenue

0.42

0.45

0.44

Kings Entertainment Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial							0.30	0.61	0.41	0.37	0.44

Kings Entertainment Group COGS-to-Revenue Calculation

Kings Entertainment Group's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.528	/	5.765
	=	0.44

Kings Entertainment Group's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1	/	2.272
	=	0.44

Kings Entertainment Group (XCNQ:JKPT) COGS-to-Revenue Explanation

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

Kings Entertainment Group's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1 / 2.272
	=	55.99 %

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.

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Kings Entertainment Group (XCNQ:JKPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kings Entertainment Group Inc (XCNQ:JKPT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

KENGF:USA L12:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN

Website

Kings Entertainment Group Inc is the parent company of global lottery brand LottoKings group. As international online service providers for the lottery, casino, and sportsbook gambling, these brands leverage their ability to acquire pre-qualified players through renowned lottery offerings, then engage in a range of casino and sportsbook offerings.

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