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Major Drilling Group International (Major Drilling Group International) COGS-to-Revenue : 0.75 (As of Oct. 2023)


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What is Major Drilling Group International COGS-to-Revenue?

Major Drilling Group International's Cost of Goods Sold for the three months ended in Oct. 2023 was $112.7 Mil. Its Revenue for the three months ended in Oct. 2023 was $150.9 Mil.

Major Drilling Group International's COGS to Revenue for the three months ended in Oct. 2023 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Major Drilling Group International's Gross Margin % for the three months ended in Oct. 2023 was 25.30%.

Major Drilling Group International COGS-to-Revenue Historical Data

The historical data trend for Major Drilling Group International'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.

Major Drilling Group International COGS-to-Revenue Chart

Major Drilling Group International Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.85 0.85 0.79 0.76

Major Drilling Group International Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.75 0.75 0.75 0.86

Major Drilling Group International COGS-to-Revenue Calculation

Major Drilling Group International's COGS to Revenue for the fiscal year that ended in Apr. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=414.448 / 545.641
=0.76

Major Drilling Group International's COGS to Revenue for the quarter that ended in Oct. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=112.741 / 150.927
=0.75

* 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.

Major Drilling Group International  (OTCPK:MJDLF) COGS-to-Revenue Explanation

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

Major Drilling Group International's Gross Margin % for the three months ended in Oct. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 112.741 / 150.927
=25.30 %

* 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.

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.

Major Drilling Group International COGS-to-Revenue Related Terms

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Major Drilling Group International (Major Drilling Group International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (OTCPK:MJDLF) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
3MJ:Germany MDI:Canada
Address
111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7
Website
https://www.majordrilling.com
Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (Major Drilling Group International) Headlines

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