Ardmore Shipping (Ardmore Shipping) COGS-to-Revenue : 0.44 (As of Dec. 2023)

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What is Ardmore Shipping COGS-to-Revenue?

Ardmore Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was $43.0 Mil. Its Revenue for the three months ended in Dec. 2023 was $98.9 Mil.

Ardmore Shipping's COGS to Revenue for the three months ended in Dec. 2023 was 0.44.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ardmore Shipping's Gross Margin % for the three months ended in Dec. 2023 was 56.48%.

Ardmore Shipping COGS-to-Revenue Historical Data

The historical data trend for Ardmore Shipping'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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Ardmore Shipping COGS-to-Revenue Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.56

0.52

0.64

0.43

Ardmore Shipping 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															0.37	0.39	0.44	0.45	0.44

Ardmore Shipping COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	169.101	/	395.978
	=	0.43

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	43.031	/	98.879
	=	0.44

Ardmore Shipping (NYSE:ASC) COGS-to-Revenue Explanation

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

Ardmore Shipping'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	-	43.031 / 98.879
	=	56.48 %

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.

Ardmore Shipping COGS-to-Revenue Related Terms

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Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.