PHX Energy Services (TSX:PHX) COGS-to-Revenue : 0.78 (As of Dec. 2023)

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What is PHX Energy Services COGS-to-Revenue?

PHX Energy Services's Cost of Goods Sold for the three months ended in Dec. 2023 was C$129.2 Mil. Its Revenue for the three months ended in Dec. 2023 was C$165.3 Mil.

PHX Energy Services's COGS to Revenue for the three months ended in Dec. 2023 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. PHX Energy Services's Gross Margin % for the three months ended in Dec. 2023 was 21.83%.

PHX Energy Services COGS-to-Revenue Historical Data

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

PHX Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.85

0.86

0.80

0.77

PHX Energy Services 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															0.77	0.80	0.77	0.74	0.78

PHX Energy Services COGS-to-Revenue Calculation

PHX Energy Services's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	506.236	/	656.341
	=	0.77

PHX Energy Services's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	129.241	/	165.333
	=	0.78

PHX Energy Services (TSX:PHX) COGS-to-Revenue Explanation

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

PHX Energy Services'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	-	129.241 / 165.333
	=	21.83 %

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.

PHX Energy Services COGS-to-Revenue Related Terms

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PHX Energy Services (TSX:PHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (TSX:PHX) » Definitions » COGS-to-Revenue

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PHXHF:USA

Address

250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.

Executives