SK Innovation Co (XKRX:096775) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is SK Innovation Co COGS-to-Revenue?

SK Innovation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩17,312,029 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩18,855,139 Mil.

SK Innovation Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. SK Innovation Co's Gross Margin % for the three months ended in Mar. 2024 was 8.18%.

SK Innovation Co COGS-to-Revenue Historical Data

The historical data trend for SK Innovation Co'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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SK Innovation Co COGS-to-Revenue Chart

SK Innovation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.94

1.01

0.91

0.94

SK Innovation Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.93	0.96	0.89	0.96	0.92

SK Innovation Co COGS-to-Revenue Calculation

SK Innovation Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	72274467.9	/	77288485.864
	=	0.94

SK Innovation Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	17312028.919	/	18855139.067
	=	0.92

SK Innovation Co (XKRX:096775) COGS-to-Revenue Explanation

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

SK Innovation Co'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	-	17312028.919 / 18855139.067
	=	8.18 %

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.

SK Innovation Co COGS-to-Revenue Related Terms

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SK Innovation Co (XKRX:096775) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SK Innovation Co Ltd (XKRX:096775) » Definitions » COGS-to-Revenue

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096770:Korea

Address

SK Building, 26, Jong-ro, Jongno-gu, Seoul, KOR

Website

http://www.skinnovation.com

SK Innovation Co Ltd is a global energy and chemical company. It operates in petroleum production, refining, chemicals, and lubricants. Operations are divided into four segments: Petroleum, Petrochemicals, Lubricants, and Others. The Petroleum segment provides majority of the revenue for the group. SK engages in exploration and production activities around the world. Petroleum products like gasoline, diesel, and asphalt are produced at its refineries in Korea. The business has a network of gas stations with a paid membership service. Additional subsidiaries under the Petroleum segment provide customized service information for freight truck business operators and a website for enterprise customers of SK Energy.

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