Gulf Marine Services (LSE:GMS) COGS-to-Revenue : 0.12 (As of Dec. 2023)

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What is Gulf Marine Services COGS-to-Revenue?

Gulf Marine Services's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.3 Mil. Its Revenue for the six months ended in Dec. 2023 was £61.1 Mil.

Gulf Marine Services's COGS to Revenue for the six months ended in Dec. 2023 was 0.12.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gulf Marine Services's Gross Margin % for the six months ended in Dec. 2023 was 88.02%.

Gulf Marine Services COGS-to-Revenue Historical Data

The historical data trend for Gulf Marine Services'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 Marine Services COGS-to-Revenue Chart

Gulf Marine Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.23

1.54

0.47

0.55

0.32

Gulf Marine Services 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															0.31	0.59	0.50	0.53	0.12

Gulf Marine Services COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	38.525	/	119.766
	=	0.32

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.318	/	61.081
	=	0.12

Gulf Marine Services (LSE:GMS) COGS-to-Revenue Explanation

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

Gulf Marine Services'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	-	7.318 / 61.081
	=	88.02 %

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 Marine Services COGS-to-Revenue Related Terms

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Gulf Marine Services (LSE:GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Marine Services PLC (LSE:GMS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.