GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (TSX:HWO) » Definitions » COGS-to-Revenue

High Arctic Energy Services (TSX:HWO) COGS-to-Revenue : 0.69 (As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is High Arctic Energy Services COGS-to-Revenue?

High Arctic Energy Services's Cost of Goods Sold for the three months ended in Mar. 2024 was C$12.37 Mil. Its Revenue for the three months ended in Mar. 2024 was C$18.01 Mil.

High Arctic Energy Services's COGS to Revenue for the three months ended in Mar. 2024 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. High Arctic Energy Services's Gross Margin % for the three months ended in Mar. 2024 was 31.27%.

High Arctic Energy Services COGS-to-Revenue Historical Data

The historical data trend for High Arctic Energy 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.

* Premium members only.

High Arctic Energy Services COGS-to-Revenue Chart

High Arctic Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 1.16 1.11 1.08 0.82

High Arctic Energy Services 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 0.81 0.83 0.74 0.69

High Arctic Energy Services COGS-to-Revenue Calculation

High Arctic Energy 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
=50.623 / 61.933
=0.82

High Arctic Energy Services's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=12.374 / 18.005
=0.69

* 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.

High Arctic Energy Services  (TSX:HWO) COGS-to-Revenue Explanation

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

High Arctic Energy Services'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 - 12.374 / 18.005
=31.27 %

* 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.

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.

High Arctic Energy Services COGS-to-Revenue Related Terms

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

High Arctic Energy Services (TSX:HWO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Energy Services Inc (TSX:HWO) » Definitions » COGS-to-Revenue
Comparable Companies
TSX:E TSX:MCB TSX:PSD TSX:SFD TSX:SHLE TSX:BRY TSX:FLNT TSXV:HTC TSXV:DVG TSX:STEP SLB BKR HAL MIL:TEN FTI SHSE:601808 WFRD NOV CHX SHSE:600968
Traded in Other Exchanges
HGHAF:USA 6LQ:Germany
Address
330 - 5th Ave SW., Suite 2350, Calgary, AB, CAN, T2P 0L4
Website
https://www.haes.ca
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment which consists of drilling services; the Production Services segment which consists of well servicing and snubbing services; the Ancillary Services segment which provides rental equipment, nitrogen transport services, and engineering consulting to various companies within the oil and gas sector and Corporate segment. The Production Services segment generates the company's revenue.
Executives
Douglas John Strong Director

High Arctic Energy Services (TSX:HWO) Headlines

No Headlines