Ecopetrol (Ecopetrol) COGS-to-Revenue : 0.67 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Ecopetrol COGS-to-Revenue?

Ecopetrol's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,819 Mil. Its Revenue for the three months ended in Dec. 2023 was $8,688 Mil.

Ecopetrol's COGS to Revenue for the three months ended in Dec. 2023 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ecopetrol's Gross Margin % for the three months ended in Dec. 2023 was 33.02%.

Ecopetrol COGS-to-Revenue Historical Data

The historical data trend for Ecopetrol'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.

* Premium members only.

Ecopetrol COGS-to-Revenue Chart

Ecopetrol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Get a 7-Day Free Trial

0.63

0.75

0.60

0.56

0.62

Ecopetrol Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.56	0.60	0.59	0.59	0.67

Ecopetrol COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	22015.214	/	35749.763
	=	0.62

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5819.002	/	8687.987
	=	0.67

Ecopetrol (NYSE:EC) COGS-to-Revenue Explanation

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

Ecopetrol'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	-	5819.002 / 8687.987
	=	33.02 %

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.

Ecopetrol COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Ecopetrol's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Ecopetrol (Ecopetrol) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (NYSE:EC) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

ECHA:Germany ECHA:Germany ECOPETROL:Columbia E1CO34:Brazil

Address

Carrera 13 No. 36 - 24, Main Building, Bogota, COL

Website

https://www.ecopetrol.com.co

Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.