Tenaris (Tenaris) COGS-to-Revenue : 0.62 (As of Dec. 2023)

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What is Tenaris COGS-to-Revenue?

Tenaris's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,121 Mil. Its Revenue for the three months ended in Dec. 2023 was $3,415 Mil.

Tenaris's COGS to Revenue for the three months ended in Dec. 2023 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tenaris's Gross Margin % for the three months ended in Dec. 2023 was 37.90%.

Tenaris COGS-to-Revenue Historical Data

The historical data trend for Tenaris'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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Tenaris COGS-to-Revenue Chart

Tenaris Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.70

0.79

0.71

0.60

0.58

Tenaris 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															0.57	0.56	0.56	0.61	0.62

Tenaris COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8668.915	/	14868.86
	=	0.58

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2120.591	/	3414.93
	=	0.62

Tenaris (NYSE:TS) COGS-to-Revenue Explanation

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

Tenaris'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	-	2120.591 / 3414.93
	=	37.90 %

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.

Tenaris COGS-to-Revenue Related Terms

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Tenaris (Tenaris) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenaris SA (NYSE:TS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TNRSF:USA TEN:Italy TENm:UK 0HXB:UK TW10:Germany T1SS34:Brazil

Address

26, Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449

Website

https://www.tenaris.com

Tenaris is one of the largest global producers of oil country tubular goods, or OCTG, which are used primarily in the construction of oil and gas wells. The company's production facilities are located primarily in the U.S., Argentina, Mexico, and Italy. Tenaris' premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore wells and horizontal shale wells.