Sitio Royalties (FRA:SB9) COGS-to-Revenue : 0.50 (As of Mar. 2024)

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What is Sitio Royalties COGS-to-Revenue?

Sitio Royalties's Cost of Goods Sold for the three months ended in Mar. 2024 was €70.2 Mil. Its Revenue for the three months ended in Mar. 2024 was €139.3 Mil.

Sitio Royalties's COGS to Revenue for the three months ended in Mar. 2024 was 0.50.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sitio Royalties's Gross Margin % for the three months ended in Mar. 2024 was 49.59%.

Sitio Royalties COGS-to-Revenue Historical Data

The historical data trend for Sitio Royalties'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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Sitio Royalties COGS-to-Revenue Chart

Sitio Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.70

0.34

0.28

0.49

Sitio Royalties Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial								0.45	0.54	0.52	0.46	0.50

Sitio Royalties COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	267.14	/	544.107
	=	0.49

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	70.213	/	139.28
	=	0.50

Sitio Royalties (FRA:SB9) COGS-to-Revenue Explanation

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

Sitio Royalties'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	-	70.213 / 139.28
	=	49.59 %

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.

Sitio Royalties COGS-to-Revenue Related Terms

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Sitio Royalties (FRA:SB9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sitio Royalties Corp (FRA:SB9) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

STR:USA

Address

1401 Lawrence Street, Suite 1750, Denver, CO, USA, 80202

Website

https://www.sitio.com

Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

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