Wescan Energy (TSXV:WCE) COGS-to-Revenue : 0.36 (As of Dec. 2023)

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What is Wescan Energy COGS-to-Revenue?

Wescan Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.23 Mil. Its Revenue for the three months ended in Dec. 2023 was C$0.64 Mil.

Wescan Energy's COGS to Revenue for the three months ended in Dec. 2023 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wescan Energy's Gross Margin % for the three months ended in Dec. 2023 was 64.16%.

Wescan Energy COGS-to-Revenue Historical Data

The historical data trend for Wescan 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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Wescan Energy COGS-to-Revenue Chart

Wescan Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.38

0.39

0.04

0.31

0.34

Wescan Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.39	0.34	0.29	0.27	0.36

Wescan Energy COGS-to-Revenue Calculation

Wescan Energy's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1.188	/	3.5
	=	0.34

Wescan Energy's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.229	/	0.639
	=	0.36

Wescan Energy (TSXV:WCE) COGS-to-Revenue Explanation

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

Wescan Energy's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.229 / 0.639
	=	64.16 %

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.

Wescan Energy COGS-to-Revenue Related Terms

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Wescan Energy (TSXV:WCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wescan Energy Corp (TSXV:WCE) » Definitions » COGS-to-Revenue

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GPIPF:USA

Address

520 - 5th Avenue SW, Suite 2500, Calgary, AB, CAN, T2P 3R5

Website

https://www.wescanenergycorp.com

Wescan Energy Corp is in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, U.S.A. It operates in a single reporting segment which is Oil and Gas Exploration and Production.

Executives

Shubham Garg

Director

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