Cardinal Energy (Cardinal Energy) COGS-to-Revenue : 0.36 (As of Mar. 2024)

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What is Cardinal Energy COGS-to-Revenue?

Cardinal Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $37.8 Mil. Its Revenue for the three months ended in Mar. 2024 was $104.4 Mil.

Cardinal Energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cardinal Energy's Gross Margin % for the three months ended in Mar. 2024 was 63.78%.

Cardinal Energy COGS-to-Revenue Historical Data

The historical data trend for Cardinal Energy'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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Cardinal Energy COGS-to-Revenue Chart

Cardinal Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.40

0.44

0.35

0.34

0.36

Cardinal Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.37	0.37	0.34	0.38	0.36

Cardinal Energy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	161.093	/	442.558
	=	0.36

Cardinal Energy's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	37.795	/	104.352
	=	0.36

Cardinal Energy (OTCPK:CRLFF) COGS-to-Revenue Explanation

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

Cardinal Energy's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	37.795 / 104.352
	=	63.78 %

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.

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Cardinal Energy (Cardinal Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cardinal Energy Ltd (OTCPK:CRLFF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

C0Y:Germany CJ:Canada

Address

400 - 3rd Avenue SW, Suite 600, Calgary, AB, CAN, T2P 4H2

Website

https://www.cardinalenergy.ca

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.