Bakkafrost P/F (Bakkafrost P/F) COGS-to-Revenue : 0.15 (As of Dec. 2023)

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What is Bakkafrost P/F COGS-to-Revenue?

Bakkafrost P/F's Cost of Goods Sold for the three months ended in Dec. 2023 was $35 Mil. Its Revenue for the three months ended in Dec. 2023 was $229 Mil.

Bakkafrost P/F's COGS to Revenue for the three months ended in Dec. 2023 was 0.15.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Bakkafrost P/F's Gross Margin % for the three months ended in Dec. 2023 was 84.87%.

Bakkafrost P/F COGS-to-Revenue Historical Data

The historical data trend for Bakkafrost P/F'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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Bakkafrost P/F COGS-to-Revenue Chart

Bakkafrost P/F Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.38

0.39

0.28

0.36

Bakkafrost P/F 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															0.59	0.27	0.58	0.43	0.15

Bakkafrost P/F COGS-to-Revenue Calculation

Bakkafrost P/F's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	373.729	/	1044.778
	=	0.36

Bakkafrost P/F's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	34.578	/	228.522
	=	0.15

Bakkafrost P/F (OTCPK:BKFKF) COGS-to-Revenue Explanation

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

Bakkafrost P/F'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	-	34.578 / 228.522
	=	84.87 %

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.

Bakkafrost P/F COGS-to-Revenue Related Terms

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Bakkafrost P/F (Bakkafrost P/F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkafrost P/F (OTCPK:BKFKF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

BKFKY:USA BAKKAO:Sweden BAKKA:Norway BAKKAo:UK 0MQ2:UK 6BF:Germany

Address

Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625

Website

https://www.bakkafrost.com

Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into three segments. The fish farming segment involves the breeding, processing, sales, and distribution of salmon and contributes to the majority of the group revenue. The value-added products segment produces skinless and boneless portions of salmon. The fishmeal, oil and feed segment is engaged in the production and sale of fishmeal, fish oil and fish feed through Bakkafrost's subsidiary Havsbrun.

Bakkafrost P/F (Bakkafrost P/F) Headlines

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