Baltic Trading (FRA:L8B) COGS-to-Revenue : 1.03 (As of Mar. 2015)

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What is Baltic Trading COGS-to-Revenue?

Baltic Trading's Cost of Goods Sold for the three months ended in Mar. 2015 was €6.59 Mil. Its Revenue for the three months ended in Mar. 2015 was €6.39 Mil.

Baltic Trading's COGS to Revenue for the three months ended in Mar. 2015 was 1.03.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Baltic Trading's Gross Margin % for the three months ended in Mar. 2015 was -3.12%.

Baltic Trading COGS-to-Revenue Historical Data

The historical data trend for Baltic Trading'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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Baltic Trading COGS-to-Revenue Chart

Baltic Trading Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

COGS-to-Revenue

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0.27

0.38

0.67

0.53

0.59

Baltic Trading Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.64	0.59	0.59	1.03

Baltic Trading COGS-to-Revenue Calculation

Baltic Trading's COGS to Revenue for the fiscal year that ended in Dec. 2014 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	21.772	/	36.917
	=	0.59

Baltic Trading's COGS to Revenue for the quarter that ended in Mar. 2015 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.585	/	6.386
	=	1.03

Baltic Trading (FRA:L8B) COGS-to-Revenue Explanation

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

Baltic Trading's Gross Margin % for the three months ended in Mar. 2015 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	6.585 / 6.386
	=	-3.12 %

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.

Baltic Trading COGS-to-Revenue Related Terms

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Baltic Trading (FRA:L8B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Baltic Trading Ltd (FRA:L8B) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.baltictrading.com

Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.

Baltic Trading (FRA:L8B) Headlines

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