Tsakos Energy Navigation (FRA:TK41) COGS-to-Revenue : 0.59 (As of Dec. 2023)

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What is Tsakos Energy Navigation COGS-to-Revenue?

Tsakos Energy Navigation's Cost of Goods Sold for the three months ended in Dec. 2023 was €118.8 Mil. Its Revenue for the three months ended in Dec. 2023 was €202.0 Mil.

Tsakos Energy Navigation's COGS to Revenue for the three months ended in Dec. 2023 was 0.59.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tsakos Energy Navigation's Gross Margin % for the three months ended in Dec. 2023 was 41.16%.

Tsakos Energy Navigation COGS-to-Revenue Historical Data

The historical data trend for Tsakos Energy Navigation'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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Tsakos Energy Navigation COGS-to-Revenue Chart

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.76

0.75

1.00

0.67

0.58

Tsakos Energy Navigation 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															0.52	0.52	0.57	0.68	0.59

Tsakos Energy Navigation COGS-to-Revenue Calculation

Tsakos Energy Navigation's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	476.436	/	815.732
	=	0.58

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	118.838	/	201.961
	=	0.59

Tsakos Energy Navigation (FRA:TK41) COGS-to-Revenue Explanation

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

Tsakos Energy Navigation'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	-	118.838 / 201.961
	=	41.16 %

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.

Tsakos Energy Navigation COGS-to-Revenue Related Terms

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Tsakos Energy Navigation (FRA:TK41) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (FRA:TK41) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.

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