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Noble (NE) COGS-to-Revenue : 0.75 (As of Dec. 2023)


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What is Noble COGS-to-Revenue?

Noble's Cost of Goods Sold for the three months ended in Dec. 2023 was $481 Mil. Its Revenue for the three months ended in Dec. 2023 was $643 Mil.

Noble's COGS to Revenue for the three months ended in Dec. 2023 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Noble's Gross Margin % for the three months ended in Dec. 2023 was 25.22%.

Noble COGS-to-Revenue Historical Data

The historical data trend for Noble'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.

Noble COGS-to-Revenue Chart

Noble Annual Data
Trend Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
1.03 - 0.78 0.71

Noble Quarterly Data
Dec20 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.75 0.72 0.64 0.75

Noble COGS-to-Revenue Calculation

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

COGS to Revenue=Cost of Goods Sold / Revenue
=1845.268 / 2589.018
=0.71

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

COGS to Revenue=Cost of Goods Sold / Revenue
=480.851 / 642.979
=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.

Noble  (NYSE:NE) COGS-to-Revenue Explanation

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

Noble'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 - 480.851 / 642.979
=25.22 %

* 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.

Noble COGS-to-Revenue Related Terms

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Noble (NE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp PLC (NYSE:NE) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
NOBLE:Denmark 85V1:Germany 85V1:Germany
Address
13135 Dairy Ashford, Suite 800, Sugar Land, TX, USA, 77478
Website
https://www.noblecorp.com
Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and the deployment of its drilling rigs in oil and gas basins around the world.
Executives
Noble Corp Plc officer: VP & Chief Accounting Officer 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Caroline Alting officer: See Remarks C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Joey M Kawaja officer: See Remarks 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Blake Denton officer: See Remarks 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Robert W. Eifler director, officer: See Remarks 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Richard B. Barker officer: See Remarks 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Jennie Howard officer: SVP, Gen. Counsel & Corp. Sec. 13135 DAIRY ASHFORD ROAD, SUGAR LAND TX 77478
Pacific Investment Management Co Llc 10 percent owner 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Mikkel Ipsen officer: See Remarks C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Kristin Holth director C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Claus Hemmingsen director C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Alastair Maxwell director C/O NOBLE CORP., 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Apmh Invest A/s 10 percent owner ESPLANADEN 50, COPENHAGEN G7 1263
Laura D. Campbell officer: See Remarks 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Charles M Sledge director 1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345