Renaissance ServicesOG (MUS:RNSS) COGS-to-Revenue : 0.83 (As of Mar. 2024)

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What is Renaissance ServicesOG COGS-to-Revenue?

Renaissance ServicesOG's Cost of Goods Sold for the three months ended in Mar. 2024 was ر.ع21.3 Mil. Its Revenue for the three months ended in Mar. 2024 was ر.ع25.5 Mil.

Renaissance ServicesOG's COGS to Revenue for the three months ended in Mar. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Renaissance ServicesOG's Gross Margin % for the three months ended in Mar. 2024 was 16.58%.

Renaissance ServicesOG COGS-to-Revenue Historical Data

The historical data trend for Renaissance ServicesOG'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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Renaissance ServicesOG COGS-to-Revenue Chart

Renaissance ServicesOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.80

0.81

Renaissance ServicesOG 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															0.80	0.83	-	-	0.83

Renaissance ServicesOG COGS-to-Revenue Calculation

Renaissance ServicesOG's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	83.932	/	103.886
	=	0.81

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	21.268	/	25.495
	=	0.83

Renaissance ServicesOG (MUS:RNSS) COGS-to-Revenue Explanation

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

Renaissance ServicesOG'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	-	21.268 / 25.495
	=	16.58 %

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.

Renaissance ServicesOG COGS-to-Revenue Related Terms

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Renaissance ServicesOG (MUS:RNSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Renaissance Services SAOG (MUS:RNSS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Renaissance House, P.O. Box 1676, Muttrah, OMN, 114

Website

https://www.renaissanceservices.com

Renaissance Services SAOG provides vessel chartering, contract, accommodation, and integrated facilities management services to the oil and gas industry. Its segments include contract services which consist of contract services, accommodation solutions, and integrated facilities management (IFM) services. Geographically, it derives most of its revenue from Oman.

Renaissance ServicesOG (MUS:RNSS) Headlines

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