Mermaid Maritime PCL (SGX:DU4) COGS-to-Revenue : 0.90 (As of Mar. 2024)

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What is Mermaid Maritime PCL COGS-to-Revenue?

Mermaid Maritime PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was S$106.5 Mil. Its Revenue for the three months ended in Mar. 2024 was S$118.0 Mil.

Mermaid Maritime PCL's COGS to Revenue for the three months ended in Mar. 2024 was 0.90.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mermaid Maritime PCL's Gross Margin % for the three months ended in Mar. 2024 was 9.78%.

Mermaid Maritime PCL COGS-to-Revenue Historical Data

The historical data trend for Mermaid Maritime PCL'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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Mermaid Maritime PCL COGS-to-Revenue Chart

Mermaid Maritime PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.03

1.14

1.01

0.92

0.88

Mermaid Maritime PCL 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															0.99	0.86	0.84	0.88	0.90

Mermaid Maritime PCL COGS-to-Revenue Calculation

Mermaid Maritime PCL's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	323.349	/	366.863
	=	0.88

Mermaid Maritime PCL's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	106.475	/	118.016
	=	0.90

Mermaid Maritime PCL (SGX:DU4) COGS-to-Revenue Explanation

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

Mermaid Maritime PCL'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	-	106.475 / 118.016
	=	9.78 %

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.

Mermaid Maritime PCL COGS-to-Revenue Related Terms

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Mermaid Maritime PCL (SGX:DU4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mermaid Maritime PCL (SGX:DU4) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.mermaid-group.com

Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.

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