Precision Drilling (Precision Drilling) COGS-to-Revenue : 0.16 (As of Dec. 2023)

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What is Precision Drilling COGS-to-Revenue?

Precision Drilling's Cost of Goods Sold for the three months ended in Dec. 2023 was $59 Mil. Its Revenue for the three months ended in Dec. 2023 was $378 Mil.

Precision Drilling's COGS to Revenue for the three months ended in Dec. 2023 was 0.16.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Precision Drilling's Gross Margin % for the three months ended in Dec. 2023 was 84.47%.

Precision Drilling COGS-to-Revenue Historical Data

The historical data trend for Precision Drilling'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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Precision Drilling COGS-to-Revenue Chart

Precision Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.22

0.34

0.29

0.17

0.15

Precision Drilling 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	Get a 7-Day Free Trial															0.81	0.13	0.17	0.81	0.16

Precision Drilling COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	221.793	/	1444.435
	=	0.15

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	58.687	/	377.811
	=	0.16

Precision Drilling (NYSE:PDS) COGS-to-Revenue Explanation

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

Precision Drilling'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	-	58.687 / 377.811
	=	84.47 %

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.

Precision Drilling COGS-to-Revenue Related Terms

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Precision Drilling (Precision Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Precision Drilling Corp (NYSE:PDS) » Definitions » COGS-to-Revenue

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PD:Canada

Address

150 6th Avenue SW, Suite 4200, Calgary, AB, CAN, T2P3Y7

Website

https://www.precisiondrilling.com

Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.