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ProPetro Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $284 Mil. Its Revenue for the three months ended in Dec. 2023 was $348 Mil.
ProPetro Holding's COGS to Revenue for the three months ended in Dec. 2023 was 0.82.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ProPetro Holding's Gross Margin % for the three months ended in Dec. 2023 was 18.20%.
The historical data trend for ProPetro Holding'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.
ProPetro Holding Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
COGS-to-Revenue | Get a 7-Day Free Trial | 0.79 | 0.93 | 0.91 | 0.79 | 0.81 |
ProPetro Holding 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 | 0.72 | 0.78 | 0.81 | 0.82 | 0.82 |
ProPetro Holding's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 1312.687 | / | 1630.399 | |
= | 0.81 |
ProPetro Holding's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as
COGS to Revenue | = | Cost of Goods Sold | / | Revenue |
= | 284.464 | / | 347.776 | |
= | 0.82 |
* 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.
ProPetro Holding (NYSE:PUMP) COGS-to-Revenue Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
ProPetro Holding'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 | - | 284.464 / 347.776 | |
= | 18.20 % |
* 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.
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.
Thank you for viewing the detailed overview of ProPetro Holding's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Michele Vion Choka | director | 4140 DUBLIN BLVD, SUITE 400, DUBLIN CA 94568 |
Phillip A Gobe | director, officer: Executive Chairman | 777 HIDDEN RIDGE, IRVING TX 75038 |
Elo Omavuezi | officer: Chief Accounting Officer | 1706 S. MIDKIFF ROAD, MIDLAND TX 79701 |
Adam Munoz | officer: Senior VP of Operations | 1706 S. MIDKIFF ROAD, MIDLAND TX 79701 |
G Larry Lawrence | director | C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701 |
David Scott Schorlemer | officer: Chief Financial Officer | 16225 PARK TEN PLACE, SUITE 280, HOUSTON TX 77084 |
Mary P Ricciardello | director | 2925 BRIARPARK, SUITE 1050, HOUSTON TX 77042 |
John J Mitchell | officer: Gen. Counsel & Corp. Secretary | 1706 S. MIDKIFF, MIDLAND TX 79701 |
Armour Spencer D Iii | director | 400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701 |
Wilson Newton W Iii | officer: Gen. Counsel & Corp. Secretary | C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010 |
Samuel D Sledge | officer: Chief Strategy & Admin Officer | 1706 S. MIDKIFF ROAD, MIDLAND TX 79701 |
Mark Stephen Berg | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
Darin G Holderness | officer: Interim CFO | 14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079 |
Anthony James Best | director | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Royce Mitchell | director | 777 HIDDEN RIDGE, IRVING TX 75038 |
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