Pieridae Energy (TSX:PEA) COGS-to-Revenue : 0.33 (As of Mar. 2024)

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What is Pieridae Energy COGS-to-Revenue?

Pieridae Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$25.1 Mil. Its Revenue for the three months ended in Mar. 2024 was C$76.3 Mil.

Pieridae Energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Pieridae Energy's Gross Margin % for the three months ended in Mar. 2024 was 67.10%.

Pieridae Energy COGS-to-Revenue Historical Data

The historical data trend for Pieridae 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.

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Pieridae Energy COGS-to-Revenue Chart

Pieridae Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.98

0.23

0.24

0.27

0.21

Pieridae 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															0.25	-0.01	0.25	0.30	0.33

Pieridae Energy COGS-to-Revenue Calculation

Pieridae 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
	=	70.902	/	342.425
	=	0.21

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25.103	/	76.31
	=	0.33

Pieridae Energy (TSX:PEA) COGS-to-Revenue Explanation

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

Pieridae 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	-	25.103 / 76.31
	=	67.10 %

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.

Pieridae Energy COGS-to-Revenue Related Terms

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Pieridae Energy (TSX:PEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pieridae Energy Ltd (TSX:PEA) » Definitions » COGS-to-Revenue

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PTOAF:USA

Address

308 - 4th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 0H7

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.

Executives

John Emery

Senior Officer

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