Northern Ocean (OSL:NOL) COGS-to-Revenue : 0.89 (As of Mar. 2025)

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What is Northern Ocean COGS-to-Revenue?

Northern Ocean's Cost of Goods Sold for the three months ended in Mar. 2025 was kr553 Mil. Its Revenue for the three months ended in Mar. 2025 was kr619 Mil.

Northern Ocean's COGS to Revenue for the three months ended in Mar. 2025 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Northern Ocean's Gross Margin % for the three months ended in Mar. 2025 was 10.74%.

Northern Ocean COGS-to-Revenue Historical Data

The historical data trend for Northern Ocean'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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Northern Ocean COGS-to-Revenue Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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1.20

1.51

3.58

1.07

1.01

Northern Ocean Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.95	0.88	1.48	0.97	0.89

Northern Ocean COGS-to-Revenue Calculation

Northern Ocean's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2996.453	/	2960.615
	=	1.01

Northern Ocean's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	552.682	/	619.186
	=	0.89

Northern Ocean (OSL:NOL) COGS-to-Revenue Explanation

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

Northern Ocean's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	552.682 / 619.186
	=	10.74 %

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.

Northern Ocean COGS-to-Revenue Related Terms

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Northern Ocean Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Ocean Ltd (OSL:NOL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NOLo:Sweden 4JO:Germany

Address

14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08

Website

https://www.northernocean.no

Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns two semi-submersible rigs, Deepsea Mira and Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation, and One-time reimbursed costs.

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