Akita Drilling (Akita Drilling) COGS-to-Revenue : 0.96 (As of Dec. 2023)

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What is Akita Drilling COGS-to-Revenue?

Akita Drilling's Cost of Goods Sold for the three months ended in Dec. 2023 was $34.0 Mil. Its Revenue for the three months ended in Dec. 2023 was $35.3 Mil.

Akita Drilling's COGS to Revenue for the three months ended in Dec. 2023 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Akita Drilling's Gross Margin % for the three months ended in Dec. 2023 was 3.67%.

Akita Drilling COGS-to-Revenue Historical Data

The historical data trend for Akita Drilling'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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Akita Drilling COGS-to-Revenue Chart

Akita Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.99

1.04

1.08

0.91

0.87

Akita Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.81	0.81	0.84	0.88	0.96

Akita Drilling COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	145.75	/	168.067
	=	0.87

Akita Drilling's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	33.974	/	35.269
	=	0.96

Akita Drilling (OTCPK:AKTAF) COGS-to-Revenue Explanation

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

Akita Drilling's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	33.974 / 35.269
	=	3.67 %

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.

Akita Drilling COGS-to-Revenue Related Terms

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Akita Drilling (Akita Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Akita Drilling Ltd (OTCPK:AKTAF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

774:Germany AKT.B:Canada AKT.A:Canada

Address

333-7th Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 2Z1

Website

https://www.akita-drilling.com

Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The company owns and operates over 35 drilling rigs. It is also involved in the drilling related to potash mining and the development of storage caverns.