Continental Resources (Continental Resources) COGS-to-Revenue : 0.39 (As of Sep. 2022)

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What is Continental Resources COGS-to-Revenue?

Continental Resources's Cost of Goods Sold for the three months ended in Sep. 2022 was $953 Mil. Its Revenue for the three months ended in Sep. 2022 was $2,447 Mil.

Continental Resources's COGS to Revenue for the three months ended in Sep. 2022 was 0.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Continental Resources's Gross Margin % for the three months ended in Sep. 2022 was 61.04%.

Continental Resources COGS-to-Revenue Historical Data

The historical data trend for Continental 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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Continental Resources COGS-to-Revenue Chart

Continental Resources Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

COGS-to-Revenue

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0.71

0.60

0.66

1.02

0.52

Continental Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
COGS-to-Revenue	Get a 7-Day Free Trial															0.54	0.40	0.46	0.34	0.39

Continental Resources COGS-to-Revenue Calculation

Continental Resources's COGS to Revenue for the fiscal year that ended in Dec. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2955.819	/	5719.318
	=	0.52

Continental Resources's COGS to Revenue for the quarter that ended in Sep. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	953.444	/	2447.231
	=	0.39

Continental Resources (NYSE:CLR) COGS-to-Revenue Explanation

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

Continental Resources's Gross Margin % for the three months ended in Sep. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	953.444 / 2447.231
	=	61.04 %

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.

Continental Resources COGS-to-Revenue Related Terms

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Continental Resources (Continental Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Continental Resources Inc (NYSE:CLR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 North Broadway, Oklahoma City, OK, USA, 73102

Website

https://www.clr.com

Continental Resources is a U.S. oil and gas producer targeting in the Bakken Shale in North Dakota, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma. At the end of 2021, the company reported net proven reserves of 1.6 billion barrels of oil equivalent. Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs.

Executives

Timothy Garth Taylor	director	P.O. BOX 268836, OKLAHOMA CITY OK 73102
Robert Hagens	officer: SVP, Land	P.O. BOX 268836, 20 N. BROADWAY, OKLAHOMA CITY OK 73126
James R Webb	officer: SVP, GC & Secretary	20 N. BROADWAY, OKLAHOMA CITY OK 73102
Robert D. Lawler	officer: President & COO	6100 N WESTERN AVE, OKLAHOMA CITY OK 73118
Mcnabb John T Ii	director	17 EASTWOOD ROAD, ASHEVILLE NC 28803
Ellis L Mccain	director	C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Mark E Monroe	director	7130 S LEWIS 10TH FL, TULSA OK 74136
John D Hart	director, officer: CFO, EVP of Strategic Planning	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
William B Berry	director, officer: Chief Executive Officer	C/O WILBROS USA, INC., 4400 POST OAK PARKWAY, STE. 1000, HOUSTON TX 77027
Jeff B Hume	officer: Vice Chairman of SGI	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Jack H Stark	director, officer: Sr. V.P. Exploration	20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Harold Hamm	director, 10 percent owner, officer: CEO & Chairman	20 N. BROADWAY, SUITE 1410, OKLAHOMA CITY OK 73102
Harold Thomas Hamm	director, 10 percent owner, other: Member of 10% owner group (5)	P.O. BOX 1295, OKLAHOMA CITY OK 73701
Shelly Lambertz	director, 10 percent owner	PO BOX 268836, OKLAHOMA CITY OK 73126
Jane Hamm 2005 Irrevocable Trust	10 percent owner, other: Member of 10% owner group(2)	P.O. BOX 1295, OKLAHOMA CITY OK 73101-1295