GMX Resources (FRA:HJ8A) COGS-to-Revenue : 0.26 (As of Sep. 2012)

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What is GMX Resources COGS-to-Revenue?

GMX Resources's Cost of Goods Sold for the three months ended in Sep. 2012 was €2.92 Mil. Its Revenue for the three months ended in Sep. 2012 was €11.32 Mil.

GMX Resources's COGS to Revenue for the three months ended in Sep. 2012 was 0.26.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. GMX Resources's Gross Margin % for the three months ended in Sep. 2012 was 74.24%.

GMX Resources COGS-to-Revenue Historical Data

The historical data trend for GMX Resources'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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GMX Resources COGS-to-Revenue Chart

GMX Resources Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

COGS-to-Revenue

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0.12

0.13

0.12

0.13

0.21

GMX Resources Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Jun13
COGS-to-Revenue	Get a 7-Day Free Trial															0.18	0.17	0.21	0.26	-

GMX Resources COGS-to-Revenue Calculation

GMX Resources's COGS to Revenue for the fiscal year that ended in Dec. 2012 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9.41	/	44.886
	=	0.21

GMX Resources's COGS to Revenue for the quarter that ended in Sep. 2012 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.917	/	11.323
	=	0.26

GMX Resources (FRA:HJ8A) COGS-to-Revenue Explanation

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

GMX Resources's Gross Margin % for the three months ended in Sep. 2012 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.917 / 11.323
	=	74.24 %

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.

GMX Resources COGS-to-Revenue Related Terms

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GMX Resources (FRA:HJ8A) Business Description

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Address

Website

http://www.gmxresources.com

GMX Resources Inc. is an oil and gas company, which is engaged in the exploration, development and production of oil and natural gas from the Haynesville/Bossier Shale and Cotton Valley Sands in its core area, the Sabine Uplift of the Carthage, North Field of Harrison and Panola counties of East Texas. It also has properties located in Lea and Roosevelt counties, and New Mexico. During the first half of 2011, the company acquired all of the working interest and an average greater than 80% net revenue interest in approximately 35,000 undeveloped net acres of oil and gas leases located in Billings, Stark, McKenzie and Dunn Counties of North Dakota, and Richland, Sheridan and Wibaux Counties of Montana. The company holds Williston Basin leases in approximately 150 1,280-acre units and expects to be the operator in approximately 31 of those units, providing a minimum of 172 operated locations. At the same time it acquired all of the working interest and an 80% net revenue interest in approximately 40,000 undeveloped net acres of oil and gas leases located in Platte, Goshen and Laramie Counties of Wyoming. During 2011, it acquired approximately 35,000 net acres in the Bakken/Three Forks oil resource play, which provides it with over 400 potential horizontal locations. The company intends to continue its multi-year drilling program in 2012, expanding to a multi-rig program based on available liquidity and capital resources. It has three subsidiaries: Diamond Blue Drilling Co. (Diamond Blue), which previously owned three drilling rigs, Endeavor Pipeline Inc. (Endeavor Pipeline), which operates its water supply and salt water disposal systems in its East Texas area, and Endeavor Gathering, LLC (Endeavor Gathering), which owns the natural gas gathering system and related equipment operated by Endeavor Pipeline. Kinder Morgan Endeavor LLC (KME) owns 40% membership interest in Endeavor Gathering. During 2011 and the first two months of 2012, the company successfully drilled and completed five Bakken Petroleum System wells, all in North Dakota. The Wock 21-2-1H, Frank 31-4-1H and the Marsh 21-16 TFH wells are located in Stark County, while the Taboo 1-25-36H and the Evoniuk 21-2-1H are located in McKenzie and Billings County, North Dakota.

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