NewMed Energy LP (XTAE:NWMD) COGS-to-Revenue : 0.36 (As of Dec. 2023)

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What is NewMed Energy LP COGS-to-Revenue?

NewMed Energy LP's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪379 Mil. Its Revenue for the three months ended in Dec. 2023 was ₪1,041 Mil.

NewMed Energy LP's COGS to Revenue for the three months ended in Dec. 2023 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NewMed Energy LP's Gross Margin % for the three months ended in Dec. 2023 was 63.64%.

NewMed Energy LP COGS-to-Revenue Historical Data

The historical data trend for NewMed Energy LP'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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NewMed Energy LP COGS-to-Revenue Chart

NewMed Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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9.83

0.44

0.41

0.39

0.36

NewMed Energy LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.36	0.36	0.37	0.35	0.36

NewMed Energy LP COGS-to-Revenue Calculation

NewMed Energy LP's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1478.326	/	4117.791
	=	0.36

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	378.518	/	1041.112
	=	0.36

NewMed Energy LP (XTAE:NWMD) COGS-to-Revenue Explanation

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

NewMed Energy LP'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	-	378.518 / 1041.112
	=	63.64 %

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.

NewMed Energy LP COGS-to-Revenue Related Terms

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NewMed Energy LP (XTAE:NWMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NewMed Energy LP (XTAE:NWMD) » Definitions » COGS-to-Revenue

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DKDRF:USA

Address

19 Abba Even Boulevard, Hertzliya Pituach, Hertzliya, ISR, 4672537

Website

https://www.newmedenergy.com

NewMed Energy LP is engaged in the exploration, development, and production of oil, condensate, and natural gas. It mainly markets fuel products across Israel and holds interests in several significant gas findings in the Mediterranean Sea region, which include, the Tamar finding, Leviathan finding, and Aphrodite finding in Cyprus.

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