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COGS is particularly important for SaaS businesses because it helps to calculate your gross profit margin. If you know your gross margin, you can work out how much revenue you’ll have left over to service other costs, such as debt, operating expenses, and re-investment. Simply put, it’s a great way to evaluate how efficiently your business is able to manage labor and supplies throughout production, as well as the potential profitability and scalability of the business. “Gross margin” is likely a term you’ve heard floating around the SaaS industry, and for a good reason: it serves as an essential metric for businesses in the software space. Sometimes referred to as gross profit margin (GPM), gross margin on sales, or gross margin percentage, gross margin serves as an important means of evaluating your business’ growth potential. |
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