Cimarex Energy Co (Cimarex Energy Co) COGS-to-Revenue : 0.23 (As of Sep. 2021)

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What is Cimarex Energy Co COGS-to-Revenue?

Cimarex Energy Co's Cost of Goods Sold for the three months ended in Sep. 2021 was $212 Mil. Its Revenue for the three months ended in Sep. 2021 was $930 Mil.

Cimarex Energy Co's COGS to Revenue for the three months ended in Sep. 2021 was 0.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cimarex Energy Co's Gross Margin % for the three months ended in Sep. 2021 was 77.24%.

Cimarex Energy Co COGS-to-Revenue Historical Data

The historical data trend for Cimarex Energy Co'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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Cimarex Energy Co COGS-to-Revenue Chart

Cimarex Energy Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

COGS-to-Revenue

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0.52

0.38

0.39

0.53

0.64

Cimarex Energy Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.48	0.29	0.28	0.23

Cimarex Energy Co COGS-to-Revenue Calculation

Cimarex Energy Co's COGS to Revenue for the fiscal year that ended in Dec. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1004.869	/	1558.595
	=	0.64

Cimarex Energy Co's COGS to Revenue for the quarter that ended in Sep. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	211.648	/	930.036
	=	0.23

Cimarex Energy Co (NYSE:XEC) COGS-to-Revenue Explanation

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

Cimarex Energy Co's Gross Margin % for the three months ended in Sep. 2021 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	211.648 / 930.036
	=	77.24 %

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.

Cimarex Energy Co COGS-to-Revenue Related Terms

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Cimarex Energy Co (Cimarex Energy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cimarex Energy Co (NYSE:XEC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Lincoln Street, Suite 3700, Denver, CO, USA, 80203

Website

https://www.cimarex.com

Denver-based Cimarex Energy is an independent exploration and production company with operations throughout the Southern and Central United States, where its focus includes the Permian Basin, Woodford Shale, and Meramec horizon. The firm was created in 2002 when it spun off from Helmerich & Payne and then merged with Key Production. At year-end 2018, Cimarex's proved reserves were 591 million barrels of oil equivalent, with net production of 221 thousand boe per day. Natural gas represented 42% of production and 45% of reserves.

Executives

John Lambuth	officer: SVP-Exploration	C/O CIMAREX ENERGY CO 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
Joseph R Albi	director, other: Former Executive VP, COO	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
G Mark Burford	officer: SVP & Chief Financial Officer	1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Stephen P Bell	officer: Ex VP	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Blake A Sirgo	officer: VP-Operations	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Logan Harold R Jr	director
Francis Brian Barron	officer: Sr VP-General Counsel	1099 18TH STREET, SUITE 2300, DENVER CO 80202
Monroe W Robertson	director	C/O CIMAREX ENERGY CO. 1700 LINCOLN STREET, SUITE 1800 DENVER CO 80203
David A Hentschel	director	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Sullivan Michael J/co	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Thomas F Mccoy	officer: SVP-Production	1700 LINCOLN STREET SUITE 3700 DENVER CO 80203
Kathleen A Hogenson	director	C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Paul Eckley	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Frances M Vallejo	director	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404