Gulf Keystone Petroleum (Gulf Keystone Petroleum) COGS-to-Revenue : 1.14 (As of Dec. 2023)

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What is Gulf Keystone Petroleum COGS-to-Revenue?

Gulf Keystone Petroleum's Cost of Goods Sold for the six months ended in Dec. 2023 was $50.2 Mil. Its Revenue for the six months ended in Dec. 2023 was $44.0 Mil.

Gulf Keystone Petroleum's COGS to Revenue for the six months ended in Dec. 2023 was 1.14.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gulf Keystone Petroleum's Gross Margin % for the six months ended in Dec. 2023 was -14.28%.

Gulf Keystone Petroleum COGS-to-Revenue Historical Data

The historical data trend for Gulf Keystone Petroleum'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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Gulf Keystone Petroleum COGS-to-Revenue Chart

Gulf Keystone Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

1.18

0.35

0.93

Gulf Keystone Petroleum 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															0.30	0.30	0.41	0.82	1.14

Gulf Keystone Petroleum COGS-to-Revenue Calculation

Gulf Keystone Petroleum's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	115.331	/	123.514
	=	0.93

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	50.236	/	43.959
	=	1.14

Gulf Keystone Petroleum (OTCPK:GUKYF) COGS-to-Revenue Explanation

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

Gulf Keystone Petroleum'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	-	50.236 / 43.959
	=	-14.28 %

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.

Gulf Keystone Petroleum COGS-to-Revenue Related Terms

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Gulf Keystone Petroleum (Gulf Keystone Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Keystone Petroleum Ltd (OTCPK:GUKYF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GKPl:UK GKP:UK GVP1:Germany

Address

C/o Coson Corporate Services Limited, 41 Cedar Avenue, Cedar House, 3rd Floor, Hamilton, BMU, HM12

Website

https://www.gulfkeystone.com

Gulf Keystone Petroleum Ltd is a holding company, which is engaged in oil and gas exploration and production. It mainly operates in the Kurdistan Region of Iraq, the Republic of Algeria, and Others. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks, and the Erbil office, which provides support to the operations in Kurdistan. It generates its revenues from the sale of oil.

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