Karoon Energy (Karoon Energy) COGS-to-Revenue : 0.17 (As of Dec. 2023)

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What is Karoon Energy COGS-to-Revenue?

Karoon Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $70.3 Mil. Its Revenue for the six months ended in Dec. 2023 was $412.9 Mil.

Karoon Energy's COGS to Revenue for the six months ended in Dec. 2023 was 0.17.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Karoon Energy's Gross Margin % for the six months ended in Dec. 2023 was 82.97%.

Karoon Energy COGS-to-Revenue Historical Data

The historical data trend for Karoon 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.

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Karoon Energy COGS-to-Revenue Chart

Karoon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.16

0.13

Karoon Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.27	-	0.12	0.14	0.17

Karoon Energy COGS-to-Revenue Calculation

Karoon Energy's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	73.5	/	566.5
	=	0.13

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	70.3	/	412.9
	=	0.17

Karoon Energy (OTCPK:KRNGY) COGS-to-Revenue Explanation

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

Karoon Energy's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	70.3 / 412.9
	=	82.97 %

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.

Karoon Energy COGS-to-Revenue Related Terms

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Karoon Energy (Karoon Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Karoon Energy Ltd (OTCPK:KRNGY) » Definitions » COGS-to-Revenue

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KRNGF:USA LBL:Germany KAR:Australia

Address

6 Riverside Quay, Level 3, Suite 3.02, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.karoonenergy.com.au

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.

Karoon Energy (Karoon Energy) Headlines

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