Goodrich Petroleum (Goodrich Petroleum) COGS-to-Revenue

: 0.39 (As of Sep. 2021)

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Goodrich Petroleum's Cost of Goods Sold for the three months ended in Sep. 2021 was $22.77 Mil. Its Revenue for the three months ended in Sep. 2021 was $58.73 Mil.

Goodrich Petroleum's COGS to Revenue for the three months ended in Sep. 2021 was 0.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Goodrich Petroleum's Gross Margin % for the three months ended in Sep. 2021 was 61.23%.

Goodrich Petroleum COGS-to-Revenue Historical Data

The historical data trend for Goodrich Petroleum'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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Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

COGS-to-Revenue

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0.85

0.69

0.58

0.73

0.87

Goodrich Petroleum 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															0.84	0.68	0.56	0.57	0.39

Goodrich Petroleum COGS-to-Revenue Calculation

Goodrich Petroleum's COGS to Revenue for the fiscal year that ended in Dec. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	81.41	/	93.826
	=	0.87

Goodrich Petroleum's COGS to Revenue for the quarter that ended in Sep. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	22.768	/	58.733
	=	0.39

Goodrich Petroleum (GREY:GDPAQ.PFD) COGS-to-Revenue Explanation

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

Goodrich Petroleum'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	-	22.768 / 58.733
	=	61.23 %

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.

Goodrich Petroleum COGS-to-Revenue Related Terms

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Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Goodrich Petroleum Corp (GREY:GDPAQ.PFD) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.