Confidence Petroleum India (BOM:526829) COGS-to-Revenue : 0.73 (As of Dec. 2023)

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What is Confidence Petroleum India COGS-to-Revenue?

Confidence Petroleum India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,035 Mil. Its Revenue for the three months ended in Dec. 2023 was ₹5,543 Mil.

Confidence Petroleum India's COGS to Revenue for the three months ended in Dec. 2023 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Confidence Petroleum India's Gross Margin % for the three months ended in Dec. 2023 was 27.20%.

Confidence Petroleum India COGS-to-Revenue Historical Data

The historical data trend for Confidence Petroleum India'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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Confidence Petroleum India COGS-to-Revenue Chart

Confidence Petroleum India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.82

0.84

0.82

0.84

0.85

Confidence Petroleum India 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															0.82	1.05	0.83	0.76	0.73

Confidence Petroleum India COGS-to-Revenue Calculation

Confidence Petroleum India's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18837	/	22088.3
	=	0.85

Confidence Petroleum India's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4035	/	5542.9
	=	0.73

Confidence Petroleum India (BOM:526829) COGS-to-Revenue Explanation

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

Confidence Petroleum India'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	-	4035 / 5542.9
	=	27.20 %

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.

Confidence Petroleum India COGS-to-Revenue Related Terms

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Confidence Petroleum India (BOM:526829) Business Description

Industry

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CONFIPET:India

Address

8 Wardha Road, 404, Satyam Appartment, Dhantoli, Nagpur, MH, IND, 440012

Website

https://www.confidencegroup.co

Confidence Petroleum India Ltd is an Indian manufacturer of LPG (liquefied petroleum gas) Cylinders. The company provides CNG (Compressed Natural Gas) and high-pressure cylinders, LPG cylinders, LPG bottling services, and others. Its segments are the Cylinder Division and LPG Division, of which key revenue is derived from the LPG Division which involves LPG marketing and bottling business and other related activities.

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