Granite Ridge Resources (FRA:Y60) COGS-to-Revenue : 0.70 (As of Mar. 2024)

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What is Granite Ridge Resources COGS-to-Revenue?

Granite Ridge Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was €57.2 Mil. Its Revenue for the three months ended in Mar. 2024 was €81.9 Mil.

Granite Ridge Resources's COGS to Revenue for the three months ended in Mar. 2024 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Granite Ridge Resources's Gross Margin % for the three months ended in Mar. 2024 was 30.14%.

Granite Ridge Resources COGS-to-Revenue Historical Data

The historical data trend for Granite Ridge 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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Granite Ridge Resources COGS-to-Revenue Chart

Granite Ridge Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.83

1.23

0.48

0.36

0.63

Granite Ridge Resources Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial									0.58	0.64	0.64	0.66	0.70

Granite Ridge Resources COGS-to-Revenue Calculation

Granite Ridge Resources's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	228.232	/	361.361
	=	0.63

Granite Ridge Resources's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	57.195	/	81.876
	=	0.70

Granite Ridge Resources (FRA:Y60) COGS-to-Revenue Explanation

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

Granite Ridge Resources's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	57.195 / 81.876
	=	30.14 %

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.

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Granite Ridge Resources (FRA:Y60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Ridge Resources Inc (FRA:Y60) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

GRNT:USA

Address

5217 McKinney Avenue, Suite 400, Dallas, TX, USA, 75205

Website

https://www.graniteridge.com

Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators.

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