Journey Energy (Journey Energy) COGS-to-Revenue : 0.37 (As of Mar. 2024)

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What is Journey Energy COGS-to-Revenue?

Journey Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $14.7 Mil. Its Revenue for the three months ended in Mar. 2024 was $40.0 Mil.

Journey Energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.37.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Journey Energy's Gross Margin % for the three months ended in Mar. 2024 was 63.10%.

Journey Energy COGS-to-Revenue Historical Data

The historical data trend for Journey 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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Journey Energy COGS-to-Revenue Chart

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.44

0.65

0.31

0.37

Journey 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															0.31	0.39	0.36	0.40	0.37

Journey Energy COGS-to-Revenue Calculation

Journey 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
	=	63.686	/	174.343
	=	0.37

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	14.745	/	39.955
	=	0.37

Journey Energy (OTCPK:JRNGF) COGS-to-Revenue Explanation

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

Journey 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	-	14.745 / 39.955
	=	63.10 %

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.

Journey Energy COGS-to-Revenue Related Terms

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Journey Energy (Journey Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (OTCPK:JRNGF) » Definitions » COGS-to-Revenue

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17J:Germany JOY:Canada

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Journey Energy (Journey Energy) Headlines

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