Saudi Aramco Base Oil Co - Luberef (SAU:2223) COGS-to-Revenue : 0.86 (As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef COGS-to-Revenue?

Saudi Aramco Base Oil Co - Luberef's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼1,871 Mil. Its Revenue for the three months ended in Mar. 2024 was ﷼2,185 Mil.

Saudi Aramco Base Oil Co - Luberef's COGS to Revenue for the three months ended in Mar. 2024 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Saudi Aramco Base Oil Co - Luberef's Gross Margin % for the three months ended in Mar. 2024 was 14.36%.

Saudi Aramco Base Oil Co - Luberef COGS-to-Revenue Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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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Saudi Aramco Base Oil Co - Luberef COGS-to-Revenue Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.77

0.80

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial					0.69	0.79	0.85	0.86	0.86

Saudi Aramco Base Oil Co - Luberef COGS-to-Revenue Calculation

Saudi Aramco Base Oil Co - Luberef's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7630.31	/	9488.679
	=	0.80

Saudi Aramco Base Oil Co - Luberef's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1870.964	/	2184.79
	=	0.86

Saudi Aramco Base Oil Co - Luberef (SAU:2223) COGS-to-Revenue Explanation

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

Saudi Aramco Base Oil Co - Luberef'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	-	1870.964 / 2184.79
	=	14.36 %

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.

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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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