High Arctic Overseas Holdings (TSXV:HOH) COGS-to-Revenue : 0.81 (As of Dec. 2023)

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What is High Arctic Overseas Holdings COGS-to-Revenue?

High Arctic Overseas Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was C$47.21 Mil. Its Revenue for the six months ended in Dec. 2023 was C$58.20 Mil.

High Arctic Overseas Holdings's COGS to Revenue for the six months ended in Dec. 2023 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. High Arctic Overseas Holdings's Gross Margin % for the six months ended in Dec. 2023 was 18.89%.

High Arctic Overseas Holdings COGS-to-Revenue Historical Data

The historical data trend for High Arctic Overseas 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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High Arctic Overseas Holdings COGS-to-Revenue Chart

High Arctic Overseas Holdings Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

1.39

1.07

0.81

High Arctic Overseas Holdings Semi-Annual Data
	Dec21	Dec22	Dec23
COGS-to-Revenue	1.39	1.07	0.81

High Arctic Overseas Holdings COGS-to-Revenue Calculation

High Arctic Overseas 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
	=	47.206	/	58.199
	=	0.81

High Arctic Overseas Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	47.206	/	58.199
	=	0.81

High Arctic Overseas Holdings (TSXV:HOH) COGS-to-Revenue Explanation

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

High Arctic Overseas Holdings's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	47.206 / 58.199
	=	18.89 %

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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High Arctic Overseas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Overseas Holdings Corp (TSXV:HOH) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4

Website

http://www.higharctic.com

High Arctic Overseas Holdings Corp provides drilling and specialized well completion services manpower solutions and supplies rental equipment including rig matting, camps, material handling, and drilling support equipment in Papua New Guinea. The segments of the company are Drilling services, Ancillary services, Production services.

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