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Contango Oil & Gas Co (AMEX:MCF)
COGS to Revenue
0.43 (As of Mar. 2016)

Contango Oil & Gas Co's cost of goods sold for the three months ended in Mar. 2016 was $7.6 Mil. Its revenue for the three months ended in Mar. 2016 was $17.6 Mil.

Contango Oil & Gas Co's COGS to Revenue for the three months ended in Mar. 2016 was 0.43.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Contango Oil & Gas Co's Gross Margin for the three months ended in Mar. 2016 was 56.75%.


Definition

Contango Oil & Gas Co's COGS to Revenue for the fiscal year that ended in Dec. 2015 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=37.84 / 116.505
=0.32

Contango Oil & Gas Co's COGS to Revenue for the quarter that ended in Mar. 2016 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=7.604 / 17.582
=0.43

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

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

Contango Oil & Gas Co's Gross Margin for the three months ended in Mar. 2016 is calculated as:

Gross Margin=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 7.604 / 17.582
=56.75 %

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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”.


Related Terms

Cost of Goods Sold, Gross Margin, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Contango Oil & Gas Co Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Dec14Dec15
cogs2rev 8.930.450.110.230.250.180.140.660.290.32

Contango Oil & Gas Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
cogs2rev 0.140.140.150.200.220.320.310.310.370.43
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