Nabors Industries (Nabors Industries) COGS-to-Revenue : 0.81 (As of Dec. 2023)

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What is Nabors Industries COGS-to-Revenue?

Nabors Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $586 Mil. Its Revenue for the three months ended in Dec. 2023 was $726 Mil.

Nabors Industries's COGS to Revenue for the three months ended in Dec. 2023 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nabors Industries's Gross Margin % for the three months ended in Dec. 2023 was 19.26%.

Nabors Industries COGS-to-Revenue Historical Data

The historical data trend for Nabors Industries'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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Nabors Industries COGS-to-Revenue Chart

Nabors Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.92

1.02

0.98

0.88

0.81

Nabors Industries 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															0.82	0.80	0.80	0.83	0.81

Nabors Industries COGS-to-Revenue Calculation

Nabors Industries's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2435.674	/	3005.981
	=	0.81

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	585.997	/	725.801
	=	0.81

Nabors Industries (NYSE:NBR) COGS-to-Revenue Explanation

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

Nabors Industries'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	-	585.997 / 725.801
	=	19.26 %

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.

Nabors Industries COGS-to-Revenue Related Terms

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Nabors Industries (Nabors Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nabors Industries Ltd (NYSE:NBR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NBI1:Germany

Address

4 Par-la-Ville Road, Crown House, Second Floor, Hamilton, BMU, HM 08

Website

https://www.nabors.com

Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.

Executives

John P Kotts	director	C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Anthony G Petrello	director, officer: PRESIDENT AND COO	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200`, HOUSTON TX 77067
William J Restrepo	officer: Chief Financial Officer	P.O. BOX 60068, HOUSTON TX 77205-0068
Tanya S Beder	director	500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Anthony R Chase	director	10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
John Yearwood	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Howard Wolf	director
Dag Skattum	director	C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
James R Crane	director	JAMES R CRANE, 3214 LODESTAR, HOUSTON TX 77032
Myron M Sheinfeld	director	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067
Michael C Linn	director	650 WASHINGTON ROAD, 8TH FLOOR, PITTSBURGH PA 15228
Mark D Andrews	officer: SECRETARY	C/O NABORS CORPORATE SERVICES INC, 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Hans Schmidt	director	NABORS CORP SERVICES, 515 W GREENS RD SUITE 1200, HOUSTON TX 77067
John V Lombardi	director	C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067
Robert Clark Wood	other: Principal Fin & Acctg Officer	C/O NABORS CORPORATE SERVICES INC., 515 W. GREENS RD., SUITE 1200, HOUSTON TX 77067