Concho Resources (FRA:KIJ) COGS-to-Revenue : 0.57 (As of Sep. 2020)

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What is Concho Resources COGS-to-Revenue?

Concho Resources's Cost of Goods Sold for the three months ended in Sep. 2020 was €402 Mil. Its Revenue for the three months ended in Sep. 2020 was €708 Mil.

Concho Resources's COGS to Revenue for the three months ended in Sep. 2020 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Concho Resources's Gross Margin % for the three months ended in Sep. 2020 was 43.17%.

Concho Resources COGS-to-Revenue Historical Data

The historical data trend for Concho 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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Concho Resources COGS-to-Revenue Chart

Concho Resources Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

COGS-to-Revenue

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0.98

0.99

0.68

0.57

0.66

Concho Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
COGS-to-Revenue	Get a 7-Day Free Trial															0.68	0.63	0.83	0.95	0.57

Concho Resources COGS-to-Revenue Calculation

Concho Resources's COGS to Revenue for the fiscal year that ended in Dec. 2019 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2726.1	/	4132.8
	=	0.66

Concho Resources's COGS to Revenue for the quarter that ended in Sep. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	402.426	/	708.066
	=	0.57

Concho Resources (FRA:KIJ) COGS-to-Revenue Explanation

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

Concho Resources's Gross Margin % for the three months ended in Sep. 2020 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	402.426 / 708.066
	=	43.17 %

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.

Concho Resources COGS-to-Revenue Related Terms

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Concho Resources (FRA:KIJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Concho Resources Inc (FRA:KIJ) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701

Website

https://www.concho.com

Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).

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