International Petroleum (OSTO:IPCO) COGS-to-Revenue : 0.76 (As of Mar. 2024)

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What is International Petroleum COGS-to-Revenue?

International Petroleum's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,811 Mil. Its Revenue for the three months ended in Mar. 2024 was kr2,385 Mil.

International Petroleum's COGS to Revenue for the three months ended in Mar. 2024 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. International Petroleum's Gross Margin % for the three months ended in Mar. 2024 was 24.08%.

International Petroleum COGS-to-Revenue Historical Data

The historical data trend for International Petroleum'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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International Petroleum COGS-to-Revenue Chart

International Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.74

1.25

0.70

0.59

0.74

International Petroleum 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															0.69	0.74	0.64	0.87	0.76

International Petroleum COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7275.603	/	9845.275
	=	0.74

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1810.952	/	2385.489
	=	0.76

International Petroleum (OSTO:IPCO) COGS-to-Revenue Explanation

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

International Petroleum'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	-	1810.952 / 2385.489
	=	24.08 %

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.

International Petroleum COGS-to-Revenue Related Terms

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International Petroleum (OSTO:IPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Petroleum Corp (OSTO:IPCO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

IPCFF:USA IPCOs:UK 0V1L:UK IPT:Germany IPCO:Canada

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.international-petroleum.com

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.

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