Reconnaissance Energy Africa (TSXV:RECO) COGS-to-Revenue : 0.00 (As of Dec. 2023)

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What is Reconnaissance Energy Africa COGS-to-Revenue?

Reconnaissance Energy Africa's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil. Its Revenue for the three months ended in Dec. 2023 was C$0.00 Mil.

Reconnaissance Energy Africa's COGS to Revenue for the three months ended in Dec. 2023 was 0.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Reconnaissance Energy Africa's Gross Margin % for the three months ended in Dec. 2023 was N/A%.

Reconnaissance Energy Africa COGS-to-Revenue Historical Data

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

Reconnaissance Energy Africa Annual Data

Trend

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COGS-to-Revenue

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Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.83	0.86	0.87	-	-

Reconnaissance Energy Africa COGS-to-Revenue Calculation

Reconnaissance Energy Africa's COGS to Revenue for the fiscal year that ended in Dec. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0
	=

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0
	=

Reconnaissance Energy Africa (TSXV:RECO) COGS-to-Revenue Explanation

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

Reconnaissance Energy Africa'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 / 0
	=	N/A %

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.

Reconnaissance Energy Africa COGS-to-Revenue Related Terms

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Reconnaissance Energy Africa (TSXV:RECO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (TSXV:RECO) » Definitions » COGS-to-Revenue

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RECAF:USA 0XD:Germany

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

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