Holly Energy Partners LP (Holly Energy Partners LP) COGS-to-Revenue : 0.52 (As of Sep. 2023)

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What is Holly Energy Partners LP COGS-to-Revenue?

Holly Energy Partners LP's Cost of Goods Sold for the three months ended in Sep. 2023 was $82.8 Mil. Its Revenue for the three months ended in Sep. 2023 was $158.4 Mil.

Holly Energy Partners LP's COGS to Revenue for the three months ended in Sep. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Holly Energy Partners LP's Gross Margin % for the three months ended in Sep. 2023 was 47.72%.

Holly Energy Partners LP COGS-to-Revenue Historical Data

The historical data trend for Holly Energy Partners LP'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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Holly Energy Partners LP COGS-to-Revenue Chart

Holly Energy Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.48

0.49

0.50

0.53

0.57

Holly Energy Partners LP 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	Get a 7-Day Free Trial															0.58	0.55	0.54	0.57	0.52

Holly Energy Partners LP COGS-to-Revenue Calculation

Holly Energy Partners LP's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	309.715	/	547.48
	=	0.57

Holly Energy Partners LP's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	82.784	/	158.36
	=	0.52

Holly Energy Partners LP (NYSE:HEP) COGS-to-Revenue Explanation

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

Holly Energy Partners LP'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	-	82.784 / 158.36
	=	47.72 %

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.

Holly Energy Partners LP COGS-to-Revenue Related Terms

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Holly Energy Partners LP (Holly Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Holly Energy Partners LP (NYSE:HEP) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

2828 N. Harwood, Suite 1300, Dallas, TX, USA, 75201-1507

Website

http://www.hollyenergy.com

Holly Energy Partners LP operates a network of refined products and crude oil pipelines, with attendant terminal assets, in several western and southwestern states. The company has two reportable segments namely Pipelines and Terminals and Refinery Processing Unit. It generates maximum revenue from the Pipelines and Terminals segment.

Executives

Robert I Jamieson	officer: SVP and COO	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Mark A Petersen	director	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Hf Sinclair Corp	10 percent owner, other: See remarks	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Sinclair Companies	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
Carol Holding	10 percent owner	550 EAST SOUTH TEMPLE, SALT LAKE CITY UT 84102
James H Lee	director	10000 MEMORIAL DRIVE STE 600, HOUSTON TX 77024-3411
Larry R Baldwin	director	2828 N. HARWOOD STREET, SUITE 1300, DALLAS TX 75201
Michael Jennings	director	10000 MEMORIAL DRIVE, SUITE 600, HOUSTON TX 77024
Kenneth Norwood	officer: VP and Controller	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Harrison John Wayne Jr	officer: SVP, CFO and Treasurer	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Vaishali S. Bhatia	officer: SVP, General Counsel & Sec	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christine B Lafollette	director	2828 N. HARWOOD, SUITE 1300, DALLAS X1 75201
Richard Kevin Hardage	director	2626 COLE AVE SUITE 705, DALLAS TX 75209
Holly Refining & Marketing Co - Woods Cross Llc	other: See Footnotes	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201