TotalEnergies SE (XPAR:TTE) COGS-to-Revenue : 0.76 (As of Dec. 2023)

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What is TotalEnergies SE COGS-to-Revenue?

TotalEnergies SE's Cost of Goods Sold for the three months ended in Dec. 2023 was €38,017 Mil. Its Revenue for the three months ended in Dec. 2023 was €50,220 Mil.

TotalEnergies SE's COGS to Revenue for the three months ended in Dec. 2023 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. TotalEnergies SE's Gross Margin % for the three months ended in Dec. 2023 was 24.30%.

TotalEnergies SE COGS-to-Revenue Historical Data

The historical data trend for TotalEnergies SE'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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TotalEnergies SE COGS-to-Revenue Chart

TotalEnergies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.75

0.84

0.72

0.69

0.72

TotalEnergies SE 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															0.69	0.71	0.72	0.68	0.76

TotalEnergies SE COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	143576.524	/	200772.565
	=	0.72

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	38016.986	/	50219.505
	=	0.76

TotalEnergies SE (XPAR:TTE) COGS-to-Revenue Explanation

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

TotalEnergies SE'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	-	38016.986 / 50219.505
	=	24.30 %

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.

TotalEnergies SE COGS-to-Revenue Related Terms

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TotalEnergies SE (XPAR:TTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies SE (XPAR:TTE) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

TTFNF:USA TTE:USA TOT N:Mexico 0A30:UK TTEp:UK TTE:UK TOTB:Germany FP:Austria

Address

2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400

Website

https://www.totalenergies.com

TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.5 million barrels of liquids and 6.8 billion cubic feet of natural gas per day. At end-2022, reserves stood at 10.2 billion barrels of oil equivalent, 56% of which are liquids. During 2021, it had LNG sales of 48.1 Mt. The company owns interests in refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. It also holds a 19% interest in Russian oil company Novatek. At year-end, its gross installed renewable power generation capacity was 16.8 GW.