Navios Maritime Partners LP (Navios Maritime Partners LP) COGS-to-Revenue

: 0.61 (As of Dec. 2023)

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Navios Maritime Partners LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $198 Mil. Its Revenue for the three months ended in Dec. 2023 was $327 Mil.

Navios Maritime Partners LP's COGS to Revenue for the three months ended in Dec. 2023 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Navios Maritime Partners LP's Gross Margin % for the three months ended in Dec. 2023 was 39.49%.

Navios Maritime Partners LP COGS-to-Revenue Historical Data

The historical data trend for Navios Maritime 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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Navios Maritime Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.64

0.75

0.52

0.57

0.60

Navios Maritime Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.56	0.62	0.57	0.60	0.61

Navios Maritime Partners LP COGS-to-Revenue Calculation

Navios Maritime Partners LP's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	779.156	/	1306.889
	=	0.60

Navios Maritime Partners LP's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	198.025	/	327.253
	=	0.61

Navios Maritime Partners LP (NYSE:NMM) COGS-to-Revenue Explanation

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

Navios Maritime Partners LP'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	-	198.025 / 327.253
	=	39.49 %

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.

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Navios Maritime Partners LP (Navios Maritime Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Navios Maritime Partners LP (NYSE:NMM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Avenue de Grande Bretagne, Office 11B2, Monte Carlo, MCO, MC 98000

Website

https://www.navios-mlp.com

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.