Var Energi ASA (Var Energi ASA) COGS-to-Revenue : 0.45 (As of Mar. 2024)

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What is Var Energi ASA COGS-to-Revenue?

Var Energi ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was $884 Mil. Its Revenue for the three months ended in Mar. 2024 was $1,949 Mil.

Var Energi ASA's COGS to Revenue for the three months ended in Mar. 2024 was 0.45.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Var Energi ASA's Gross Margin % for the three months ended in Mar. 2024 was 54.62%.

Var Energi ASA COGS-to-Revenue Historical Data

The historical data trend for Var Energi ASA'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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Var Energi ASA COGS-to-Revenue Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.34

0.37

0.47

0.26

0.38

Var Energi ASA Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial											0.28	0.43	0.40	0.42	0.45

Var Energi ASA COGS-to-Revenue Calculation

Var Energi ASA's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2560.277	/	6815.966
	=	0.38

Var Energi ASA's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	884.363	/	1948.804
	=	0.45

Var Energi ASA (OTCPK:VARRY) COGS-to-Revenue Explanation

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

Var Energi ASA'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	-	884.363 / 1948.804
	=	54.62 %

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.

Var Energi ASA COGS-to-Revenue Related Terms

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Var Energi ASA (Var Energi ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (OTCPK:VARRY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

VARo:Sweden VAR:Norway J4V:Germany

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

Var Energi ASA (Var Energi ASA) Headlines

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