Enerplus (Enerplus) COGS-to-Revenue

: 0.72 (As of Dec. 2023)

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Enerplus's Cost of Goods Sold for the three months ended in Dec. 2023 was $298 Mil. Its Revenue for the three months ended in Dec. 2023 was $415 Mil.

Enerplus's COGS to Revenue for the three months ended in Dec. 2023 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Enerplus's Gross Margin % for the three months ended in Dec. 2023 was 28.22%.

Enerplus COGS-to-Revenue Historical Data

The historical data trend for Enerplus'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.

Enerplus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.69

0.85

0.66

0.46

0.62

Enerplus 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																0.41	0.55	0.65	0.57	0.72

Enerplus COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1047.879	/	1694.333
	=	0.62

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	297.542	/	414.537
	=	0.72

Enerplus (NYSE:ERF) COGS-to-Revenue Explanation

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

Enerplus'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	-	297.542 / 414.537
	=	28.22 %

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.

Enerplus COGS-to-Revenue Related Terms

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Enerplus (Enerplus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerplus Corp (NYSE:ERF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

E17:Germany ERF:Canada

Address

3000, 333 - 7th Avenue S.W., The Dome Tower, Calgary, AB, CAN, T2P 2Z1

Website

https://www.enerplus.com

Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.