United Drilling Tools (NSE:UNIDT) COGS-to-Revenue : 0.58 (As of Mar. 2024)

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What is United Drilling Tools COGS-to-Revenue?

United Drilling Tools's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹274 Mil. Its Revenue for the three months ended in Mar. 2024 was ₹470 Mil.

United Drilling Tools'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. United Drilling Tools's Gross Margin % for the three months ended in Mar. 2024 was 41.82%.

United Drilling Tools COGS-to-Revenue Historical Data

The historical data trend for United Drilling Tools'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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United Drilling Tools COGS-to-Revenue Chart

United Drilling Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.38

0.45

0.63

0.60

United Drilling Tools Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.49	0.51	0.63	0.65	0.58

United Drilling Tools COGS-to-Revenue Calculation

United Drilling Tools's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	781.125	/	1299.608
	=	0.60

United Drilling Tools's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	273.639	/	470.344
	=	0.58

United Drilling Tools (NSE:UNIDT) COGS-to-Revenue Explanation

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

United Drilling Tools'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	-	273.639 / 470.344
	=	41.82 %

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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United Drilling Tools (NSE:UNIDT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Drilling Tools Ltd (NSE:UNIDT) » Definitions » COGS-to-Revenue

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522014:India

Address

26th Floor, Astralis Tower, Supernova Complex, Gautam Budh Nagar, Sector-94, Noida, UP, IND, 201301

Website

https://www.udtltd.com

United Drilling Tools Ltd is a manufacturer of Oilfield Equipment. Its product profile includes Wireline Winch Units, Artificial Gas Lift Equipments, Fast Make-Up High-Performance Connectors, Down Hole Tools, and Casing Pipe with Connectors. The company operates in domestic as well as international markets.

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