East West Petroleum (TSXV:EW) COGS-to-Revenue : 0.88 (As of Dec. 2023)

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What is East West Petroleum COGS-to-Revenue?

East West Petroleum's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.65 Mil. Its Revenue for the three months ended in Dec. 2023 was C$0.73 Mil.

East West Petroleum's COGS to Revenue for the three months ended in Dec. 2023 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. East West Petroleum's Gross Margin % for the three months ended in Dec. 2023 was 11.99%.

East West Petroleum COGS-to-Revenue Historical Data

The historical data trend for East West Petroleum'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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East West Petroleum COGS-to-Revenue Chart

East West Petroleum Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.73

0.63

1.08

1.05

0.75

East West Petroleum 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															0.89	0.57	0.95	0.87	0.88

East West Petroleum COGS-to-Revenue Calculation

East West Petroleum's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.081	/	2.774
	=	0.75

East West Petroleum's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.646	/	0.734
	=	0.88

East West Petroleum (TSXV:EW) COGS-to-Revenue Explanation

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

East West Petroleum'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	-	0.646 / 0.734
	=	11.99 %

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.

East West Petroleum COGS-to-Revenue Related Terms

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East West Petroleum (TSXV:EW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » East West Petroleum Corp (TSXV:EW) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

EWPMF:USA 37A:Germany

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

http://www.eastwestpetroleum.ca

East West Petroleum Corp is an oil and gas exploration and production company. It is engaged in exploring, developing and producing from its oil and gas properties. Its producing oil and gas property in New Zealand is the Taranaki Basin which is located near the west coast of the North Island. The company derives its revenue from acquisition, exploration, and production of oil and gas properties.

Executives

Kevin Haney

Director