Jericho Energy Ventures (Jericho Energy Ventures) COGS-to-Revenue : 21.18 (As of Mar. 2024)

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What is Jericho Energy Ventures COGS-to-Revenue?

Jericho Energy Ventures's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.23 Mil. Its Revenue for the three months ended in Mar. 2024 was $0.01 Mil.

Jericho Energy Ventures's COGS to Revenue for the three months ended in Mar. 2024 was 21.18.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Jericho Energy Ventures's Gross Margin % for the three months ended in Mar. 2024 was -2,018.18%.

Jericho Energy Ventures COGS-to-Revenue Historical Data

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

Jericho Energy Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.49

2.00

9.15

23.96

8.62

Jericho Energy Ventures 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															7.39	13.90	-	4.67	21.18

Jericho Energy Ventures COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.629	/	0.073
	=	8.62

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.233	/	0.011
	=	21.18

Jericho Energy Ventures (OTCPK:JROOF) COGS-to-Revenue Explanation

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

Jericho Energy Ventures'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	-	0.233 / 0.011
	=	-2,018.18 %

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.

Jericho Energy Ventures COGS-to-Revenue Related Terms

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Jericho Energy Ventures (Jericho Energy Ventures) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JLM:Germany JEV:Canada

Address

1055 West Georgia Street, Suite 2100, PO BOX 11110, STN Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.jerichoenergyventures.com

Jericho Energy Ventures Inc is a crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It also focuses on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture, and new energy systems. The company has two reportable operating businesses. One is focused on low carbon technologies and the other related to production of crude oil and natural gas.