Eagle Bulk Shipping (FRA:E1B1) COGS-to-Revenue : 0.71 (As of Dec. 2023)

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What is Eagle Bulk Shipping COGS-to-Revenue?

Eagle Bulk Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was €68.2 Mil. Its Revenue for the three months ended in Dec. 2023 was €95.9 Mil.

Eagle Bulk Shipping's COGS to Revenue for the three months ended in Dec. 2023 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Eagle Bulk Shipping's Gross Margin % for the three months ended in Dec. 2023 was 28.92%.

Eagle Bulk Shipping COGS-to-Revenue Historical Data

The historical data trend for Eagle Bulk 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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Eagle Bulk Shipping COGS-to-Revenue Chart

Eagle Bulk Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

0.90

0.50

0.60

0.82

Eagle Bulk 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															0.74	0.87	0.82	0.91	0.71

Eagle Bulk Shipping COGS-to-Revenue Calculation

Eagle Bulk 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
	=	297.294	/	361.114
	=	0.82

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	68.169	/	95.908
	=	0.71

Eagle Bulk Shipping (FRA:E1B1) COGS-to-Revenue Explanation

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

Eagle Bulk 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	-	68.169 / 95.908
	=	28.92 %

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.

Eagle Bulk Shipping COGS-to-Revenue Related Terms

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Eagle Bulk Shipping (FRA:E1B1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eagle Bulk Shipping Inc (FRA:E1B1) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

EGLE:USA E1BP:Germany

Address

300 First Stamford Place, 5th Floor, Stamford, CT, USA, 06902

Website

https://www.eagleships.com

Eagle Bulk Shipping Inc is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to miners, producers, traders and end users. The company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership, charter and operation of drybulk vessels. The company focuses on the versatile midsize drybulk vessel segment. The Company's fleet is comprised of Supramax and Ultramax drybulk carriers.

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