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CNIGP.PFD (Corning Natural Gas Holding) COGS-to-Revenue : 0.40 (As of Mar. 2022)


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What is Corning Natural Gas Holding COGS-to-Revenue?

Corning Natural Gas Holding's Cost of Goods Sold for the three months ended in Mar. 2022 was $6.85 Mil. Its Revenue for the three months ended in Mar. 2022 was $16.97 Mil.

Corning Natural Gas Holding's COGS to Revenue for the three months ended in Mar. 2022 was 0.40.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Corning Natural Gas Holding's Gross Margin % for the three months ended in Mar. 2022 was 59.63%.

Corning Natural Gas Holding COGS-to-Revenue Historical Data

The historical data trend for Corning Natural Gas Holding'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.

Corning Natural Gas Holding COGS-to-Revenue Chart

Corning Natural Gas Holding Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.28 0.30 0.22 0.26

Corning Natural Gas Holding Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.25 0.25 0.35 0.40

Corning Natural Gas Holding COGS-to-Revenue Calculation

Corning Natural Gas Holding's COGS to Revenue for the fiscal year that ended in Sep. 2021 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=9.317 / 35.236
=0.26

Corning Natural Gas Holding's COGS to Revenue for the quarter that ended in Mar. 2022 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=6.848 / 16.965
=0.40

* 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.

Corning Natural Gas Holding  (OTCPK:CNIGP.PFD) COGS-to-Revenue Explanation

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

Corning Natural Gas Holding's Gross Margin % for the three months ended in Mar. 2022 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 6.848 / 16.965
=59.63 %

* 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.

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.

Corning Natural Gas Holding COGS-to-Revenue Related Terms

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Corning Natural Gas Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGP.PFD) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
330 West William Street, Corning, NY, USA, 14830
Website
http://www.corninggas.com
Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.
Executives
Williamson John B Iii director PO BOX 13007, ROANOKE VA 24030
Michael I German director, officer: CEO and President C/O ENERGY EAST CORP, PO BOX 3287, ITHACA NY 14852-3287
Robert B Johnston director
Joseph P Mirabito director C/O THE WILBER CORPORATION, 245 MAIN STREET, PO BOX 430, ONEONTA NY 13820
Ted W Gibson director 330 WEST WILLIAM STREET, CORNING NY 14830
George J Welch director 330 WEST WILLIAM ST, CORNING NY 14830
Cook Henry B Jr director 330 WEST WILLIAM ST, CORNING NY 14830
William Mirabito director 188 HIGHLAND TERRACE, WEST ONEONTA NY 13861
Russell S Miller officer: SVP, Chief Information Officer
Matthew J Cook officer: SVP & Chief Operations Officer 330 WEST WILLIAM STREET, CORNING NY 14830
Charles A. Lenns officer: Vice President and CFO 330 WEST WILLIAM STREET, CORNING NY 14830
Stanley G Sleve officer: Vice President Administration
Anita G Zucker 10 percent owner 4838 JENKINS AVE, N CHARLESTON SC 29405
Firouzeh Sarhangi officer: Chief Financial Officer