Boart Longyear (ASX:BLY) COGS-to-Revenue : 0.84 (As of Dec. 2023)

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What is Boart Longyear COGS-to-Revenue?

Boart Longyear's Cost of Goods Sold for the six months ended in Dec. 2023 was A$638 Mil. Its Revenue for the six months ended in Dec. 2023 was A$756 Mil.

Boart Longyear's COGS to Revenue for the six months ended in Dec. 2023 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Boart Longyear's Gross Margin % for the six months ended in Dec. 2023 was 15.66%.

Boart Longyear COGS-to-Revenue Historical Data

The historical data trend for Boart Longyear'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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Boart Longyear COGS-to-Revenue Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.85

0.81

0.83

0.82

Boart Longyear Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.82	0.81	0.85	0.81	0.84

Boart Longyear COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1294.197	/	1571.168
	=	0.82

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	637.509	/	755.922
	=	0.84

Boart Longyear (ASX:BLY) COGS-to-Revenue Explanation

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

Boart Longyear's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	637.509 / 755.922
	=	15.66 %

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.

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Boart Longyear (ASX:BLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » COGS-to-Revenue

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BLYFF:USA 3JO:Germany

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

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