Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) COGS-to-Revenue

: 0.46 (As of Dec. 2023)

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Petroleo Brasileiro Petrobras's Cost of Goods Sold for the three months ended in Dec. 2023 was $10,994 Mil. Its Revenue for the three months ended in Dec. 2023 was $24,043 Mil.

Petroleo Brasileiro Petrobras's COGS to Revenue for the three months ended in Dec. 2023 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Petroleo Brasileiro Petrobras's Gross Margin % for the three months ended in Dec. 2023 was 54.27%.

Petroleo Brasileiro Petrobras COGS-to-Revenue Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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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Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.60

0.54

0.51

0.48

0.47

Petroleo Brasileiro Petrobras 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																0.52	0.47	0.49	0.47	0.46

Petroleo Brasileiro Petrobras COGS-to-Revenue Calculation

Petroleo Brasileiro Petrobras's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	47974.355	/	101435.03
	=	0.47

Petroleo Brasileiro Petrobras's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	10993.63	/	24042.93
	=	0.46

Petroleo Brasileiro Petrobras (NYSE:PBR) COGS-to-Revenue Explanation

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

Petroleo Brasileiro Petrobras'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	-	10993.63 / 24042.93
	=	54.27 %

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.

Petroleo Brasileiro Petrobras COGS-to-Revenue Related Terms

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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (NYSE:PBR) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

PBR.A:USA PBRN:Mexico PBRA:Mexico XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.