Strathcona Resources (TSX:SCR) COGS-to-Revenue : 0.66 (As of Mar. 2024)

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What is Strathcona Resources COGS-to-Revenue?

Strathcona Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$859 Mil. Its Revenue for the three months ended in Mar. 2024 was C$1,301 Mil.

Strathcona Resources's COGS to Revenue for the three months ended in Mar. 2024 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Strathcona Resources's Gross Margin % for the three months ended in Mar. 2024 was 33.98%.

Strathcona Resources COGS-to-Revenue Historical Data

The historical data trend for Strathcona Resources'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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Strathcona Resources COGS-to-Revenue Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

COGS-to-Revenue

0.71

0.77

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial			0.74	0.74	0.70	0.77	0.66

Strathcona Resources COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3673.8	/	4794.6
	=	0.77

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	858.8	/	1300.8
	=	0.66

Strathcona Resources (TSX:SCR) COGS-to-Revenue Explanation

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

Strathcona Resources'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	-	858.8 / 1300.8
	=	33.98 %

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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Strathcona Resources (TSX:SCR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.