Hafnia (OSL:HAFNI) COGS-to-Revenue : 0.42 (As of Dec. 2023)

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What is Hafnia COGS-to-Revenue?

Hafnia's Cost of Goods Sold for the three months ended in Dec. 2023 was kr5,162 Mil. Its Revenue for the three months ended in Dec. 2023 was kr12,288 Mil.

Hafnia's COGS to Revenue for the three months ended in Dec. 2023 was 0.42.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hafnia's Gross Margin % for the three months ended in Dec. 2023 was 57.99%.

Hafnia COGS-to-Revenue Historical Data

The historical data trend for Hafnia'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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Hafnia COGS-to-Revenue Chart

Hafnia Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.78

0.73

0.96

0.56

0.50

Hafnia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.58	0.54	0.59	0.42

Hafnia COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	14168.698	/	28184.895
	=	0.50

Hafnia's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5161.684	/	12287.878
	=	0.42

Hafnia (OSL:HAFNI) COGS-to-Revenue Explanation

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

Hafnia's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	5161.684 / 12287.878
	=	57.99 %

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.

Hafnia COGS-to-Revenue Related Terms

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Hafnia (OSL:HAFNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hafnia Ltd (OSL:HAFNI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HAFNF:USA HAFNIAo:Sweden HAFNIo:UK 1OQ:Germany

Address

22 Church Street, 4th Floor, Suite 400, Washington Mall Phase 2, Hamilton, BMU, HM 1189

Website

https://www.hafniabw.com

Hafnia Ltd is a shipping company. It provides transportation of oil and oil products and also owns and operates oil product tankers. It offers fleet and bunkers services. The group operates through four segments namely LR2 Product Tankers, LR1 Product Tankers, MR and Chemical-MR segment, and Handy and Chemical-Handy segment. It generates maximum revenue from the LR1 Product Tankers segment.

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