Promigas (BOG:PROMIGAS) COGS-to-Revenue : 0.66 (As of Sep. 2023)

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What is Promigas COGS-to-Revenue?

Promigas's Cost of Goods Sold for the three months ended in Sep. 2023 was COP1,089,322 Mil. Its Revenue for the three months ended in Sep. 2023 was COP1,647,963 Mil.

Promigas's COGS to Revenue for the three months ended in Sep. 2023 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Promigas's Gross Margin % for the three months ended in Sep. 2023 was 33.90%.

Promigas COGS-to-Revenue Historical Data

The historical data trend for Promigas'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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Promigas COGS-to-Revenue Chart

Promigas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.67

0.72

0.62

0.65

0.66

Promigas Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.65	0.73	0.67	0.67	0.66

Promigas COGS-to-Revenue Calculation

Promigas's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3967911.77	/	6011330.758
	=	0.66

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1089322.213	/	1647963.355
	=	0.66

Promigas (BOG:PROMIGAS) COGS-to-Revenue Explanation

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

Promigas's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1089322.213 / 1647963.355
	=	33.90 %

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.

Promigas COGS-to-Revenue Related Terms

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Promigas (BOG:PROMIGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Promigas SA (BOG:PROMIGAS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle 66 No. 67 - 123, Barranquilla, COL

Website

https://www.promigas.com

Promigas SA is engaged in the purchase, sale, transportation, distribution, exploitation, and exploration of natural gas, oil, and hydrocarbons in general, and the gas and oil activities in all their forms. It operates in five segments: Gas transportation, Gas distribution, Integrated solutions for the industry and power generation, Power distribution, and Non-bank financing. The transmission business consists of natural gas transmission, energy generation, and liquid natural gas. The distribution business consists of natural gas distribution, non-banking financing, and electrical power distribution. The company generates the majority of its revenue from the transport and distribution of natural gas.

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