Touchstone Exploration (TSX:TXP) COGS-to-Revenue : 0.30 (As of Dec. 2023)

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What is Touchstone Exploration COGS-to-Revenue?

Touchstone Exploration's Cost of Goods Sold for the three months ended in Dec. 2023 was C$8.46 Mil. Its Revenue for the three months ended in Dec. 2023 was C$27.86 Mil.

Touchstone Exploration's COGS to Revenue for the three months ended in Dec. 2023 was 0.30.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Touchstone Exploration's Gross Margin % for the three months ended in Dec. 2023 was 69.62%.

Touchstone Exploration COGS-to-Revenue Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration COGS-to-Revenue Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.42

0.46

0.43

0.44

0.38

Touchstone Exploration 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	0.46	0.44	0.41	0.30

Touchstone Exploration COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24.393	/	64.614
	=	0.38

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8.464	/	27.862
	=	0.30

Touchstone Exploration (TSX:TXP) COGS-to-Revenue Explanation

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

Touchstone Exploration'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	-	8.464 / 27.862
	=	69.62 %

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.

Touchstone Exploration COGS-to-Revenue Related Terms

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Touchstone Exploration (TSX:TXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (TSX:TXP) » Definitions » COGS-to-Revenue

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PBEGF:USA TXP:UK PNW1:Germany

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.

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