TGS ASA (TGS ASA) COGS-to-Revenue : 0.70 (As of Dec. 2023)

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What is TGS ASA COGS-to-Revenue?

TGS ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was $133.0 Mil. Its Revenue for the three months ended in Dec. 2023 was $189.4 Mil.

TGS ASA's COGS to Revenue for the three months ended in Dec. 2023 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. TGS ASA's Gross Margin % for the three months ended in Dec. 2023 was 29.74%.

TGS ASA COGS-to-Revenue Historical Data

The historical data trend for TGS ASA'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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TGS ASA COGS-to-Revenue Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.49

0.79

0.81

0.59

0.68

TGS ASA 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															0.44	0.74	0.66	0.64	0.70

TGS ASA COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	540.409	/	794.297
	=	0.68

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	133.04	/	189.367
	=	0.70

TGS ASA (OTCPK:TGSGY) COGS-to-Revenue Explanation

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

TGS ASA'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	-	133.04 / 189.367
	=	29.74 %

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.

TGS ASA COGS-to-Revenue Related Terms

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TGS ASA (TGS ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OTCPK:TGSGY) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

TGSo:Sweden TGS:Norway 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.