Baytex Energy (Baytex Energy) COGS-to-Revenue

: 0.82 (As of Dec. 2023)

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Baytex Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $650 Mil. Its Revenue for the three months ended in Dec. 2023 was $794 Mil.

Baytex Energy's COGS to Revenue for the three months ended in Dec. 2023 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Baytex Energy's Gross Margin % for the three months ended in Dec. 2023 was 18.21%.

Baytex Energy COGS-to-Revenue Historical Data

The historical data trend for Baytex 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.

* Premium members only.

Baytex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.87

1.08

0.68

0.63

0.77

Baytex 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																0.69	0.81	0.79	0.70	0.82

Baytex Energy COGS-to-Revenue Calculation

Baytex 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
	=	1939.954	/	2521.333
	=	0.77

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	649.608	/	794.212
	=	0.82

Baytex Energy (NYSE:BTE) COGS-to-Revenue Explanation

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

Baytex 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	-	649.608 / 794.212
	=	18.21 %

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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Baytex Energy (Baytex Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Baytex Energy Corp (NYSE:BTE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

B5X:Germany BTE:Canada

Address

2800, 520 - 3rd Avenue SW, Centennial Place, East Tower, Calgary, AB, CAN, T2P 0R3

Website

https://www.baytexenergy.com

Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.