ARSEF (Altai Resources) COGS-to-Revenue : 0.55 (As of Jun. 2024)

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What is Altai Resources COGS-to-Revenue?

Altai Resources's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.02 Mil. Its Revenue for the three months ended in Jun. 2024 was $0.04 Mil.

Altai Resources's COGS to Revenue for the three months ended in Jun. 2024 was 0.55.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Altai Resources's Gross Margin % for the three months ended in Jun. 2024 was 45.00%.

Altai Resources COGS-to-Revenue Historical Data

The historical data trend for Altai Resources'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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Altai Resources COGS-to-Revenue Chart

Altai Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.92

1.47

1.08

0.55

0.70

Altai Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial															0.81	0.60	0.70	0.67	0.55

Altai Resources COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.102	/	0.145
	=	0.70

Altai Resources's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.022	/	0.04
	=	0.55

Altai Resources (OTCPK:ARSEF) COGS-to-Revenue Explanation

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

Altai Resources's Gross Margin % for the three months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.022 / 0.04
	=	45.00 %

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.

Altai Resources COGS-to-Revenue Related Terms

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Altai Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altai Resources Inc (OTCPK:ARSEF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

1IA:Germany ATI:Canada

Address

895 Don Mills Road, Suite 900, Two Morneau Shepell Centre, Toronto, ON, CAN, M3C 1W3

Website

http://www.altairesources.com

Altai Resources Inc is a Canadian based resource company, with a diversified portfolio of natural gas, oil and gold properties in Canada. It is engaged in the exploration and development of mineral properties. The company's properties portfolio includes Sorel-Trois Riviere's natural gas property, Cessford oil field, and Malartic gold project.

Altai Resources Headlines

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