Gran Tierra Energy (TSX:GTE) COGS-to-Revenue : 0.36 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Gran Tierra Energy COGS-to-Revenue?

Gran Tierra Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$76.0 Mil. Its Revenue for the three months ended in Mar. 2024 was C$213.3 Mil.

Gran Tierra Energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gran Tierra Energy's Gross Margin % for the three months ended in Mar. 2024 was 64.37%.

Gran Tierra Energy COGS-to-Revenue Historical Data

The historical data trend for Gran Tierra Energy'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.

* Premium members only.

Gran Tierra Energy COGS-to-Revenue Chart

Gran Tierra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Get a 7-Day Free Trial

0.39

0.69

0.30

0.25

0.34

Gran Tierra Energy 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															0.36	0.36	0.31	0.34	0.36

Gran Tierra Energy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	289.228	/	854.542
	=	0.34

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	76.004	/	213.296
	=	0.36

Gran Tierra Energy (TSX:GTE) COGS-to-Revenue Explanation

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

Gran Tierra Energy'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	-	76.004 / 213.296
	=	64.37 %

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.

Gran Tierra Energy COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Gran Tierra Energy's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Gran Tierra Energy (TSX:GTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gran Tierra Energy Inc (TSX:GTE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GTE:USA GTE:UK G1P0:Germany

Address

500 Centre Street South East, Calgary, AB, CAN, T2G 1A6

Website

https://www.grantierra.com

Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.

Executives

Ronald William Royal

Director