Canacol Energy (TSX:CNE) COGS-to-Revenue : 0.22 (As of Dec. 2024)

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What is Canacol Energy COGS-to-Revenue?

Canacol Energy's Cost of Goods Sold for the three months ended in Dec. 2024 was C$32.9 Mil. Its Revenue for the three months ended in Dec. 2024 was C$147.3 Mil.

Canacol Energy's COGS to Revenue for the three months ended in Dec. 2024 was 0.22.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Canacol Energy's Gross Margin % for the three months ended in Dec. 2024 was 77.69%.

Canacol Energy COGS-to-Revenue Historical Data

The historical data trend for Canacol Energy'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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Canacol Energy COGS-to-Revenue Chart

Canacol Energy Annual Data

Trend

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.24

0.30

0.29

0.24

0.22

Canacol Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
COGS-to-Revenue	Get a 7-Day Free Trial															0.24	0.23	0.21	0.21	0.22

Canacol Energy COGS-to-Revenue Calculation

Canacol Energy's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	116.518	/	535.568
	=	0.22

Canacol Energy's COGS to Revenue for the quarter that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	32.869	/	147.317
	=	0.22

Canacol Energy (TSX:CNE) COGS-to-Revenue Explanation

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

Canacol Energy's Gross Margin % for the three months ended in Dec. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	32.869 / 147.317
	=	77.69 %

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.

Canacol Energy COGS-to-Revenue Related Terms

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Canacol Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canacol Energy Ltd (TSX:CNE) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CNNEF:USA 3B6:Germany CNEC:Colombia

Address

215 - 9 Avenue SW, Suite 2000, Calgary, AB, CAN, T2P 1K3

Website

https://www.canacolenergy.com

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower and Middle Magdalena Basins of Colombia.

Executives

David A Winter	Director
Tracy Lynn Whitmore	Senior Officer
Lp Fourth Sail Capital	10% Security Holder
Michael John Hibberd	Director
Francisco Diaz Salazar	Director
Jason Michael Bednar	Senior Officer
Kevin James Flick	Senior Officer

Canacol Energy Headlines

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