Saudi Steel Pipe Co (SAU:1320) COGS-to-Revenue : 0.79 (As of Mar. 2024)

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What is Saudi Steel Pipe Co COGS-to-Revenue?

Saudi Steel Pipe Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼408 Mil. Its Revenue for the three months ended in Mar. 2024 was ﷼515 Mil.

Saudi Steel Pipe Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Saudi Steel Pipe Co's Gross Margin % for the three months ended in Mar. 2024 was 20.75%.

Saudi Steel Pipe Co COGS-to-Revenue Historical Data

The historical data trend for Saudi Steel Pipe Co'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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Saudi Steel Pipe Co COGS-to-Revenue Chart

Saudi Steel Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.98

0.96

0.93

0.86

0.79

Saudi Steel Pipe Co 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															0.86	0.74	0.80	0.79	0.79

Saudi Steel Pipe Co COGS-to-Revenue Calculation

Saudi Steel Pipe Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1051.358	/	1334.708
	=	0.79

Saudi Steel Pipe Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	408.113	/	514.939
	=	0.79

Saudi Steel Pipe Co (SAU:1320) COGS-to-Revenue Explanation

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

Saudi Steel Pipe Co'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	-	408.113 / 514.939
	=	20.75 %

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.

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Saudi Steel Pipe Co (SAU:1320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Saudi Steel Pipe Co (SAU:1320) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 11680, Dammam, SAU, 31326

Website

https://www.sspipe.com

Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

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