Heritage Oil (LSE:0PZU) COGS-to-Revenue : 0.31 (As of Dec. 2013)

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What is Heritage Oil COGS-to-Revenue?

Heritage Oil's Cost of Goods Sold for the six months ended in Dec. 2013 was £80.8 Mil. Its Revenue for the six months ended in Dec. 2013 was £263.5 Mil.

Heritage Oil's COGS to Revenue for the six months ended in Dec. 2013 was 0.31.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Heritage Oil's Gross Margin % for the six months ended in Dec. 2013 was 69.34%.

Heritage Oil COGS-to-Revenue Historical Data

The historical data trend for Heritage Oil'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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Heritage Oil COGS-to-Revenue Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

COGS-to-Revenue

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1.03

0.93

0.87

0.44

0.31

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
COGS-to-Revenue	Get a 7-Day Free Trial												1.03	0.93	0.87	0.44	0.31

Heritage Oil COGS-to-Revenue Calculation

Heritage Oil's COGS to Revenue for the fiscal year that ended in Dec. 2013 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	80.775	/	263.474
	=	0.31

Heritage Oil's COGS to Revenue for the quarter that ended in Dec. 2013 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	80.775	/	263.474
	=	0.31

Heritage Oil (LSE:0PZU) COGS-to-Revenue Explanation

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

Heritage Oil's Gross Margin % for the six months ended in Dec. 2013 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	80.775 / 263.474
	=	69.34 %

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.

Heritage Oil COGS-to-Revenue Related Terms

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Heritage Oil (LSE:0PZU) Business Description

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Website

http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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