Greenfire Resources (Greenfire Resources) COGS-to-Revenue : 0.58 (As of Mar. 2024)

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What is Greenfire Resources COGS-to-Revenue?

Greenfire Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $85.7 Mil. Its Revenue for the three months ended in Mar. 2024 was $148.5 Mil.

Greenfire Resources's COGS to Revenue for the three months ended in Mar. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Greenfire Resources's Gross Margin % for the three months ended in Mar. 2024 was 42.29%.

Greenfire Resources COGS-to-Revenue Historical Data

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

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.48

0.49

0.59

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial			0.61	0.71	0.45	0.61	0.58

Greenfire Resources COGS-to-Revenue Calculation

Greenfire 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
	=	295.543	/	503.854
	=	0.59

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	85.698	/	148.486
	=	0.58

Greenfire Resources (NYSE:GFR) COGS-to-Revenue Explanation

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

Greenfire 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	-	85.698 / 148.486
	=	42.29 %

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.

Greenfire Resources COGS-to-Revenue Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

Greenfire Resources (Greenfire Resources) Headlines

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