Shelf Drilling (North Sea) (OSL:SDNS) COGS-to-Revenue : 0.15 (As of Dec. 2023)

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What is Shelf Drilling (North Sea) COGS-to-Revenue?

Shelf Drilling (North Sea)'s Cost of Goods Sold for the three months ended in Dec. 2023 was kr49 Mil. Its Revenue for the three months ended in Dec. 2023 was kr321 Mil.

Shelf Drilling (North Sea)'s COGS to Revenue for the three months ended in Dec. 2023 was 0.15.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shelf Drilling (North Sea)'s Gross Margin % for the three months ended in Dec. 2023 was 84.87%.

Shelf Drilling (North Sea) COGS-to-Revenue Historical Data

The historical data trend for Shelf Drilling (North Sea)'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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Shelf Drilling (North Sea) COGS-to-Revenue Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.08

0.14

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial					0.08	0.12	0.15	0.13	0.15

Shelf Drilling (North Sea) COGS-to-Revenue Calculation

Shelf Drilling (North Sea)'s COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	196.219	/	1445.268
	=	0.14

Shelf Drilling (North Sea)'s COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	48.527	/	320.702
	=	0.15

Shelf Drilling (North Sea) (OSL:SDNS) COGS-to-Revenue Explanation

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

Shelf Drilling (North Sea)'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	-	48.527 / 320.702
	=	84.87 %

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.

Shelf Drilling (North Sea) COGS-to-Revenue Related Terms

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Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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