TOP Ships (STU:UER) COGS-to-Revenue : 0.76 (As of Dec. 2023)

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What is TOP Ships COGS-to-Revenue?

TOP Ships's Cost of Goods Sold for the six months ended in Dec. 2023 was €29.31 Mil. Its Revenue for the six months ended in Dec. 2023 was €38.33 Mil.

TOP Ships's COGS to Revenue for the six months ended in Dec. 2023 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. TOP Ships's Gross Margin % for the six months ended in Dec. 2023 was 23.53%.

TOP Ships COGS-to-Revenue Historical Data

The historical data trend for TOP Ships'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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TOP Ships COGS-to-Revenue Chart

TOP Ships Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.69

0.62

0.64

0.55

TOP Ships 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															0.85	0.32	0.77	0.32	0.76

TOP Ships COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	41.563	/	76.064
	=	0.55

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	29.314	/	38.334
	=	0.76

TOP Ships (STU:UER) COGS-to-Revenue Explanation

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

TOP Ships'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	-	29.314 / 38.334
	=	23.53 %

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.

TOP Ships COGS-to-Revenue Related Terms

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TOP Ships (STU:UER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (STU:UER) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TOPS:USA UER0:Germany

Address

1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124

Website

https://www.topships.org

TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.

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