Canadian Overseas Petroleum (LSE:COPL) COGS-to-Revenue : 0.36 (As of Sep. 2023)

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What is Canadian Overseas Petroleum COGS-to-Revenue?

Canadian Overseas Petroleum's Cost of Goods Sold for the three months ended in Sep. 2023 was £1.67 Mil. Its Revenue for the three months ended in Sep. 2023 was £4.69 Mil.

Canadian Overseas Petroleum's COGS to Revenue for the three months ended in Sep. 2023 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Canadian Overseas Petroleum's Gross Margin % for the three months ended in Sep. 2023 was 64.34%.

Canadian Overseas Petroleum COGS-to-Revenue Historical Data

The historical data trend for Canadian Overseas 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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Canadian Overseas Petroleum COGS-to-Revenue Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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2.33

0.58

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.29	-	0.36	0.38	0.36

Canadian Overseas Petroleum COGS-to-Revenue Calculation

Canadian Overseas Petroleum's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.038	/	12.198
	=	0.58

Canadian Overseas Petroleum's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.671	/	4.686
	=	0.36

Canadian Overseas Petroleum (LSE:COPL) COGS-to-Revenue Explanation

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

Canadian Overseas Petroleum's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1.671 / 4.686
	=	64.34 %

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.

Canadian Overseas Petroleum COGS-to-Revenue Related Terms

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Canadian Overseas Petroleum (LSE:COPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Overseas Petroleum Ltd (LSE:COPL) » Definitions » COGS-to-Revenue

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VELXF:USA V9L:Germany XOP:Canada

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

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