ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) COGS-to-Revenue : 0.54 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is ADNOC Drilling Company PJSC COGS-to-Revenue?

ADNOC Drilling Company PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ1,674 Mil. Its Revenue for the three months ended in Dec. 2023 was د.إ3,088 Mil.

ADNOC Drilling Company PJSC's COGS to Revenue for the three months ended in Dec. 2023 was 0.54.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ADNOC Drilling Company PJSC's Gross Margin % for the three months ended in Dec. 2023 was 45.80%.

ADNOC Drilling Company PJSC COGS-to-Revenue Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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.

* Premium members only.

ADNOC Drilling Company PJSC COGS-to-Revenue Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Get a 7-Day Free Trial

0.61

0.62

0.61

0.65

0.60

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial											0.64	0.58	0.58	0.63	0.54

ADNOC Drilling Company PJSC COGS-to-Revenue Calculation

ADNOC Drilling Company PJSC's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6790.199	/	11227.563
	=	0.60

ADNOC Drilling Company PJSC's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1673.671	/	3087.709
	=	0.54

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) COGS-to-Revenue Explanation

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

ADNOC Drilling Company PJSC'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	-	1673.671 / 3087.709
	=	45.80 %

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.

ADNOC Drilling Company PJSC COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of ADNOC Drilling Company PJSC's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Headlines

No Headlines