Seanergy Maritime Holdings (STU:RHS) COGS-to-Revenue : 0.38 (As of Dec. 2023)

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What is Seanergy Maritime Holdings COGS-to-Revenue?

Seanergy Maritime Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was €13.8 Mil. Its Revenue for the three months ended in Dec. 2023 was €36.2 Mil.

Seanergy Maritime Holdings's COGS to Revenue for the three months ended in Dec. 2023 was 0.38.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Seanergy Maritime Holdings's Gross Margin % for the three months ended in Dec. 2023 was 61.83%.

Seanergy Maritime Holdings COGS-to-Revenue Historical Data

The historical data trend for Seanergy Maritime Holdings'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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Seanergy Maritime Holdings COGS-to-Revenue Chart

Seanergy Maritime Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.85

0.46

0.57

0.63

Seanergy Maritime Holdings 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															0.50	1.03	0.56	0.83	0.38

Seanergy Maritime Holdings COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	63.995	/	101.085
	=	0.63

Seanergy Maritime Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	13.799	/	36.155
	=	0.38

Seanergy Maritime Holdings (STU:RHS) COGS-to-Revenue Explanation

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

Seanergy Maritime Holdings'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	-	13.799 / 36.155
	=	61.83 %

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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Seanergy Maritime Holdings (STU:RHS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seanergy Maritime Holdings Corp (STU:RHS) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

SHIP:USA RHS:Germany

Address

154 Vouliagmenis Avenue, Glyfada, Athens, GRC, 166 74

Website

https://www.seanergymaritime.com

Seanergy Maritime Holdings Corp is an international shipping company that provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It generates a majority of its revenue from the vessels. The company fleet of vessels includes Fellowship, Championship, Partnership, Knightship, Lordship, Gloriuship, Leadership, Geniuship, Premiership, and Squireship among others.