Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Cost of Goods Sold

: $46,948 Mil (TTM As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

Petroleo Brasileiro Petrobras's cost of goods sold for the three months ended in Dec. 2023 was $10,994 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $46,948 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Petroleo Brasileiro Petrobras's Gross Margin % for the three months ended in Dec. 2023 was 54.27%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Petroleo Brasileiro Petrobras's Inventory Turnover for the three months ended in Dec. 2023 was 1.40.

Petroleo Brasileiro Petrobras Cost of Goods Sold Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

* Premium members only.

Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

44,840.65

29,503.14

42,540.38

59,966.84

47,974.36

Petroleo Brasileiro Petrobras Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cost of Goods Sold																14,785.83	12,383.63	11,353.45	12,217.58	10,993.63

Petroleo Brasileiro Petrobras Cost of Goods Sold Calculation

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $46,948 Mil.

Petroleo Brasileiro Petrobras (NYSE:PBR) Cost of Goods Sold Explanation

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

Petroleo Brasileiro Petrobras's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(24042.93	-	10993.63)	/	24042.93
	=	54.27 %

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:

Petroleo Brasileiro Petrobras's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10993.63	/	7826.5375
	=	1.40

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.

Petroleo Brasileiro Petrobras Cost of Goods Sold Related Terms

Thank you for viewing the detailed overview of Petroleo Brasileiro Petrobras's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.

Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (NYSE:PBR) » Definitions » Cost of Goods Sold

Traded in Other Exchanges

PBR.A:USA PBRN:Mexico PBRA:Mexico XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.