Seapeak LLC (Seapeak LLC) COGS-to-Revenue : 0.54 (As of Mar. 2024)

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What is Seapeak LLC COGS-to-Revenue?

Seapeak LLC's Cost of Goods Sold for the three months ended in Mar. 2024 was $96.39 Mil. Its Revenue for the three months ended in Mar. 2024 was $179.12 Mil.

Seapeak LLC's COGS to Revenue for the three months ended in Mar. 2024 was 0.54.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Seapeak LLC's Gross Margin % for the three months ended in Mar. 2024 was 46.19%.

Seapeak LLC COGS-to-Revenue Historical Data

The historical data trend for Seapeak LLC'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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Seapeak LLC COGS-to-Revenue Chart

Seapeak LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.48

0.49

0.51

0.58

0.56

Seapeak LLC 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															0.56	0.55	0.57	0.56	0.54

Seapeak LLC COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	408.605	/	726.791
	=	0.56

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	96.386	/	179.117
	=	0.54

Seapeak LLC (NYSE:SEALpA.PFD) COGS-to-Revenue Explanation

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

Seapeak LLC'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	-	96.386 / 179.117
	=	46.19 %

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.

Seapeak LLC COGS-to-Revenue Related Terms

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Seapeak LLC (Seapeak LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seapeak LLC (NYSE:SEALpA.PFD) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

SEALpB.PFD:USA

Address

550 Burrard Street, Suite 2000, Bentall 5, Vancouver, BC, CAN, V6C 2K2

Website

https://www.seapeak.com

Seapeak LLC is a provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. The company operates into two segments namely: the LNG segment and the NGL segment. The Company has renamed its LPG segment as the NGL segment. LNG segment consists of LNG carriers which generally operate under long-term, fixed-rate charters to international energy companies. NGL segment consists of LPG, Ethane and multi-gas carriers which generally operate under voyage charters or time charters. It derives maximum revenue from the LNG segment. The majority of these services are provided through either a time charter, voyage charter, and bareboat charter contract.