Equinor ASA (FRA:DNQA) COGS-to-Revenue

: 0.58 (As of Dec. 2023)

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Equinor ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was €15,246 Mil. Its Revenue for the three months ended in Dec. 2023 was €26,449 Mil.

Equinor ASA's COGS to Revenue for the three months ended in Dec. 2023 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Equinor ASA's Gross Margin % for the three months ended in Dec. 2023 was 42.36%.

Equinor ASA COGS-to-Revenue Historical Data

The historical data trend for Equinor ASA'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.

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.68

0.79

0.53

0.40

0.55

Equinor ASA 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	0.46	0.57	0.60	0.58

Equinor ASA COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	53927.853	/	97979.616
	=	0.55

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	15246.042	/	26449.031
	=	0.58

Equinor ASA (FRA:DNQA) COGS-to-Revenue Explanation

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

Equinor ASA'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	-	15246.042 / 26449.031
	=	42.36 %

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.

Equinor ASA COGS-to-Revenue Related Terms

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Equinor ASA (FRA:DNQA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (FRA:DNQA) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:USA EQNR:Sweden EQNR:Norway EQNR:Mexico EQNRo:UK 0M2Z:UK DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

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