Logan energy (TSXV:LGN) COGS-to-Revenue : 0.43 (As of Mar. 2024)

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What is Logan energy COGS-to-Revenue?

Logan energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$10.82 Mil. Its Revenue for the three months ended in Mar. 2024 was C$25.29 Mil.

Logan energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.43.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Logan energy's Gross Margin % for the three months ended in Mar. 2024 was 57.22%.

Logan energy COGS-to-Revenue Historical Data

The historical data trend for Logan 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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Logan energy COGS-to-Revenue Chart

Logan energy Annual Data

Trend

Dec22

Dec23

COGS-to-Revenue

0.31

0.12

Logan energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial			0.84	0.44	0.49	-0.76	0.43

Logan energy COGS-to-Revenue Calculation

Logan 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
	=	9.528	/	82.246
	=	0.12

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	10.819	/	25.287
	=	0.43

Logan energy (TSXV:LGN) COGS-to-Revenue Explanation

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

Logan 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	-	10.819 / 25.287
	=	57.22 %

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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Logan energy (TSXV:LGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Logan energy corp (TSXV:LGN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

LOECF:USA R76:Germany

Address

308 - 4 Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 3C4

Website

https://www.loganenergycorp.com

Logan energy corp is a growth-oriented exploration, development and production company. It is founded with strong initial capitalization and three high-quality and opportunity-rich Montney assets located in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia. The company carries on the exploration,development and production of oil and natural gas.

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