Himalaya Shipping (OSTO:HSHIPO) COGS-to-Revenue : 0.45 (As of Mar. 2024)

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What is Himalaya Shipping COGS-to-Revenue?

Himalaya Shipping's Cost of Goods Sold for the three months ended in Mar. 2024 was kr113.5 Mil. Its Revenue for the three months ended in Mar. 2024 was kr250.2 Mil.

Himalaya Shipping's COGS to Revenue for the three months ended in Mar. 2024 was 0.45.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Himalaya Shipping's Gross Margin % for the three months ended in Mar. 2024 was 54.66%.

Himalaya Shipping COGS-to-Revenue Historical Data

The historical data trend for Himalaya Shipping'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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Himalaya Shipping COGS-to-Revenue Chart

Himalaya Shipping Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.50

Himalaya Shipping Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial					0.45	0.60	0.62	0.40	0.45

Himalaya Shipping COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	192.674	/	387.543
	=	0.50

Himalaya Shipping's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	113.465	/	250.244
	=	0.45

Himalaya Shipping (OSTO:HSHIPO) COGS-to-Revenue Explanation

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

Himalaya Shipping'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	-	113.465 / 250.244
	=	54.66 %

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.

Himalaya Shipping COGS-to-Revenue Related Terms

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Himalaya Shipping (OSTO:HSHIPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Himalaya Shipping Ltd (OSTO:HSHIPO) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

HSHP:USA HSHP:Norway J1X:Germany

Address

19 Par-la-Ville Road, 1st Floor, Hamilton, BMU, HM 11

Website

https://www.himalaya-shipping.com

Himalaya Shipping Ltd is an independent dry bulk company that focuses on owning and operating its Newcastlemax dry bulk carriers.

Himalaya Shipping (OSTO:HSHIPO) Headlines

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