Innovex Downhole Solutions (Innovex Downhole Solutions) COGS-to-Revenue : 0.00 (As of Sep. 2023)

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What is Innovex Downhole Solutions COGS-to-Revenue?

Innovex Downhole Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.00 Mil. Its Revenue for the three months ended in Sep. 2023 was $0.00 Mil.

Innovex Downhole Solutions's COGS to Revenue for the three months ended in Sep. 2023 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Innovex Downhole Solutions's Gross Margin % for the three months ended in Sep. 2023 was N/A%.

Innovex Downhole Solutions COGS-to-Revenue Historical Data

The historical data trend for Innovex Downhole Solutions'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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Innovex Downhole Solutions COGS-to-Revenue Chart

Innovex Downhole Solutions Annual Data

Trend

Dec21

Dec22

COGS-to-Revenue

0.70

0.66

Innovex Downhole Solutions Quarterly Data
	Dec21	Sep22	Dec22	Sep23
COGS-to-Revenue	-	-	0.67	-

Innovex Downhole Solutions COGS-to-Revenue Calculation

Innovex Downhole Solutions's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	310.036	/	467.189
	=	0.66

Innovex Downhole Solutions's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0
	=

Innovex Downhole Solutions (NYSE:INVX) COGS-to-Revenue Explanation

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

Innovex Downhole Solutions's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0 / 0
	=	N/A %

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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Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Innovex Downhole Solutions Inc (NYSE:INVX) » Definitions » COGS-to-Revenue

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Address

Website

Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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