China Oil And Gas Group (China Oil And Gas Group) COGS-to-Revenue : 0.92 (As of Dec. 2023)

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What is China Oil And Gas Group COGS-to-Revenue?

China Oil And Gas Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,089 Mil. Its Revenue for the six months ended in Dec. 2023 was $1,188 Mil.

China Oil And Gas Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Oil And Gas Group's Gross Margin % for the six months ended in Dec. 2023 was 8.33%.

China Oil And Gas Group COGS-to-Revenue Historical Data

The historical data trend for China Oil And Gas Group'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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China Oil And Gas Group COGS-to-Revenue Chart

China Oil And Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.85

0.84

0.85

0.88

0.89

China Oil And Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.87	0.85	0.91	0.87	0.92

China Oil And Gas Group COGS-to-Revenue Calculation

China Oil And Gas Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2119.988	/	2372.379
	=	0.89

China Oil And Gas Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1089.009	/	1187.915
	=	0.92

China Oil And Gas Group (OTCPK:CLSZF) COGS-to-Revenue Explanation

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

China Oil And Gas Group's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1089.009 / 1187.915
	=	8.33 %

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.

China Oil And Gas Group COGS-to-Revenue Related Terms

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China Oil And Gas Group (China Oil And Gas Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oil And Gas Group Ltd (OTCPK:CLSZF) » Definitions » COGS-to-Revenue

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00603:Hong Kong GPI1:Germany

Address

255-257 Gloucester Road, Suite 2805, 28th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.hk603.com

China Oil And Gas Group Ltd and its subsidiaries are principally engaged in investment in natural gas and energy-related business. The business operations of the company include piped city gas business, pipeline design, and construction; transportation, distribution and sale of compressed natural gas and liquefied natural gas; and development, production and sale of crude oil and gas and other upstream energy resources. The company operates through the segments of Sales and distribution of natural gas and other related products; Gas pipeline construction and connection; Exploitation and production of crude oil and natural gas; and Production and sales of coal gasification and other related products. The majority of the company's revenue comes from Mainland China.