Frontline (Frontline) COGS-to-Revenue

: 0.66 (As of Sep. 2023)

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Frontline's Cost of Goods Sold for the three months ended in Sep. 2023 was $247 Mil. Its Revenue for the three months ended in Sep. 2023 was $377 Mil.

Frontline's COGS to Revenue for the three months ended in Sep. 2023 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Frontline's Gross Margin % for the three months ended in Sep. 2023 was 34.38%.

Frontline COGS-to-Revenue Historical Data

The historical data trend for Frontline'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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Frontline Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

0.88

0.71

0.56

0.96

0.66

Frontline Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue																0.68	0.50	0.52	0.50	0.66

Frontline COGS-to-Revenue Calculation

Frontline's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	945.878	/	1430.208
	=	0.66

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	247.435	/	377.085
	=	0.66

Frontline (NYSE:FRO) COGS-to-Revenue Explanation

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

Frontline's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	247.435 / 377.085
	=	34.38 %

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.

Frontline COGS-to-Revenue Related Terms

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Frontline (Frontline) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (NYSE:FRO) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

FROo:Sweden FRO:Norway FRO1:Mexico FROo:UK 0REH:UK HF6:Germany

Address

8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106

Website

https://www.frontlineplc.cy

Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.