Dril-Quip (Dril-Quip) COGS-to-Revenue : 0.73 (As of Dec. 2023)

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What is Dril-Quip COGS-to-Revenue?

Dril-Quip's Cost of Goods Sold for the three months ended in Dec. 2023 was $91.7 Mil. Its Revenue for the three months ended in Dec. 2023 was $126.3 Mil.

Dril-Quip's COGS to Revenue for the three months ended in Dec. 2023 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Dril-Quip's Gross Margin % for the three months ended in Dec. 2023 was 27.43%.

Dril-Quip COGS-to-Revenue Historical Data

The historical data trend for Dril-Quip'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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Dril-Quip COGS-to-Revenue Chart

Dril-Quip Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.71

0.74

0.75

0.73

Dril-Quip 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															0.69	0.72	0.73	0.73	0.73

Dril-Quip COGS-to-Revenue Calculation

Dril-Quip's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	308.503	/	424.06
	=	0.73

Dril-Quip's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	91.687	/	126.344
	=	0.73

Dril-Quip (NYSE:DRQ) COGS-to-Revenue Explanation

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

Dril-Quip'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	-	91.687 / 126.344
	=	27.43 %

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.

Dril-Quip COGS-to-Revenue Related Terms

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Dril-Quip (Dril-Quip) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dril-Quip Inc (NYSE:DRQ) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

DQU:Germany

Address

2050 West Sam Houston Parkway S., Suite 1100, Houston, TX, USA, 77042

Website

https://www.dril-quip.com

Dril-Quip Inc. designs, manufactures, sells and services engineered drilling and production equipment for both offshore and onshore applications. The Company's revenues are generated from three sources, Product revenues are derived from the sale of drilling and production equipment. Service revenues are earned when the Company provides technical advisory assistance and rework and reconditioning services. Leasing revenues are derived from rental tools used during the installation and retrieval of the Company's products. The Company's operations are organized into three geographic segments, Western Hemisphere (including North and South America), Eastern Hemisphere (including Europe and Africa) and Asia-Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East).

Executives

Terence Bartlett Jupp	director	6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
James C. Webster	officer: VP - Gen Counsel & Secretary	13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Jeffrey J. Bird	officer: Vice President and CFO	10260 WESTHEIMER RD., HOUSTON TX 77042
Kyle Mcclure	officer: Vice President and CFO	10260 WESTHEIMER RD, SUITE 700, HOUSTON TX 77042
Donald M Underwood	officer: VP - Subsea Products	6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
Carri A. Lockhart	director	6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
A P Shukis	director	C/O CORPORATE STRATEGIES INC, 1170 ST JAMES PLACE SUITE 115, HOUSTON TX 77056
Blake T. Deberry	director, officer: President and CEO	13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Raj Kumar	officer: VP-Finance & Chief Acct. Off.	6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
Darryl Keith Willis	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
John Lovoi	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Amy B Schwetz	director	701 MARKET STREET, ST. LOUIS MO 63101
James A. Gariepy	officer: SR V.P. and COO	13550 HEMPSTEAD HIGHWAY, HOUSTON TX 77040
Jerry M Brooks	officer: Chief Financial Officer
Robertson L H Dick	director	39 LAKESIDE DRIVE, STAR HARBOR, MALAKOFF TX 75148