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Petrolia Energy's cost of goods sold for the three months ended in Sep. 2023 was $0.99 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2023 was $5.11 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Petrolia Energy's Gross Margin % for the three months ended in Sep. 2023 was -9.62%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Petrolia Energy's Cost of Goods Sold 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.
Petrolia Energy Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 2.03 | 4.42 | 4.78 | 5.75 | 7.03 |
Petrolia Energy Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 2.51 | 1.51 | 1.70 | 0.90 | 0.99 |
Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.
Cost of Goods Sold for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.11 Mil.
* 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.
Petrolia Energy (OTCPK:BBLS) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Petrolia Energy's Gross Margin % for the three months ended in Sep. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (0.904 | - | 0.991) | / | 0.904 | |
= | -9.62 % |
* 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.
Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:
Petrolia Energy's Inventory Turnover for the three months ended in Sep. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0.991 | / | 0 | |
= | N/A |
* 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.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Petrolia Energy's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Zel C Khan | officer: President & CEO | 7941 KATY FWY, STE 522, HOUSTON TX 77024 |
Joel Martin Oppenheim | director | 2035 SUL ROSS STREET, HOUSTON TX 77098 |
Mark Merle Allen | officer: President | 4306 STONECROFT CIRCLE, KATY TX 77450 |
Richard D Dole | director | 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024 |
Ivar Siem | director | 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024 |
Horacio Alfredo Fernandez | officer: Chief Financial Officer | 9531 MEADOWVALE DR., HOUSTON TX 77063 |
Tariq Nawaz Chaudhary | officer: Chief Financial Officer | 132 MAGENTA CRESCENT, CHESTERMERE A0 T1X0K9 |
James Edward Burns | director | 3322 DESERT INN, MONTGOMERY TX 77356 |
Quinten Beasley | director | 416 - 42 STREET SW, CALGARY A0 T3C 1Y3 |
Paul M Deputy | officer: Chief Financial Officer | 7842 HIGHLAND FARMS, HOUSTON TX 77095 |
Lee H Lytton | director, officer: Secretary | 5804 BABCOCK RD, #400, SAN ANTONIO TX 78240 |
Leo B Womack | director, 10 percent owner | 710 N. POST OAK ROAD, SUITE 400, HOUSTON TX 77024 |
David N Baker | 10 percent owner | 1020 108TH AVENUE, NE SUITE 1004, BELLEVUE WA 98004 |
Matthew Robert Ferguson | director | 11044 RESEARCH BLVD., SUITE A-200, AUSTIN TX 78759 |
Rick Wilber | director, 10 percent owner |
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