Athabasca Oil (Athabasca Oil) COGS-to-Revenue : 0.55 (As of Dec. 2023)

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What is Athabasca Oil COGS-to-Revenue?

Athabasca Oil's Cost of Goods Sold for the three months ended in Dec. 2023 was $129.7 Mil. Its Revenue for the three months ended in Dec. 2023 was $235.5 Mil.

Athabasca Oil's COGS to Revenue for the three months ended in Dec. 2023 was 0.55.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Athabasca Oil's Gross Margin % for the three months ended in Dec. 2023 was 44.93%.

Athabasca Oil COGS-to-Revenue Historical Data

The historical data trend for Athabasca Oil'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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Athabasca Oil COGS-to-Revenue Chart

Athabasca Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.50

0.66

0.44

0.51

0.53

Athabasca Oil 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															0.60	0.63	0.53	0.45	0.55

Athabasca Oil COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	503.639	/	945.531
	=	0.53

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	129.679	/	235.487
	=	0.55

Athabasca Oil (OTCPK:ATHOF) COGS-to-Revenue Explanation

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

Athabasca Oil'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	-	129.679 / 235.487
	=	44.93 %

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.

Athabasca Oil COGS-to-Revenue Related Terms

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Athabasca Oil (Athabasca Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Athabasca Oil Corp (OTCPK:ATHOF) » Definitions » COGS-to-Revenue

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ATI:Germany ATH:Canada

Address

215 - 9th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3

Website

https://www.atha.com

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.