Boomerang Oil (XCNQ:BOI) COGS-to-Revenue : 1.35 (As of Jun. 2015)

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What is Boomerang Oil COGS-to-Revenue?

Boomerang Oil's Cost of Goods Sold for the three months ended in Jun. 2015 was C$0.02 Mil. Its Revenue for the three months ended in Jun. 2015 was C$0.02 Mil.

Boomerang Oil's COGS to Revenue for the three months ended in Jun. 2015 was 1.35.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Boomerang Oil's Gross Margin % for the three months ended in Jun. 2015 was -35.29%.

Boomerang Oil COGS-to-Revenue Historical Data

The historical data trend for Boomerang Oil'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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Boomerang Oil COGS-to-Revenue Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

COGS-to-Revenue

0.99

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
COGS-to-Revenue	Get a 7-Day Free Trial										3.50	-0.69	0.83	1.28	1.35

Boomerang Oil COGS-to-Revenue Calculation

Boomerang Oil's COGS to Revenue for the fiscal year that ended in Sep. 2014 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.101	/	0.102
	=	0.99

Boomerang Oil's COGS to Revenue for the quarter that ended in Jun. 2015 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.023	/	0.017
	=	1.35

Boomerang Oil (XCNQ:BOI) COGS-to-Revenue Explanation

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

Boomerang Oil's Gross Margin % for the three months ended in Jun. 2015 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.023 / 0.017
	=	-35.29 %

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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Boomerang Oil (XCNQ:BOI) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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