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Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Cost of Goods Sold : RM17,480 Mil (TTM As of Mar. 2024)


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What is Petron Malaysia Refining & Marketing Bhd Cost of Goods Sold?

Petron Malaysia Refining & Marketing Bhd's cost of goods sold for the three months ended in Mar. 2024 was RM4,468 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was RM17,480 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Petron Malaysia Refining & Marketing Bhd's Gross Margin % for the three months ended in Mar. 2024 was 3.85%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Petron Malaysia Refining & Marketing Bhd's Inventory Turnover for the three months ended in Mar. 2024 was 3.95.


Petron Malaysia Refining & Marketing Bhd Cost of Goods Sold Historical Data

The historical data trend for Petron Malaysia Refining & Marketing Bhd's Cost of Goods Sold 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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Petron Malaysia Refining & Marketing Bhd Cost of Goods Sold Chart

Petron Malaysia Refining & Marketing Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,984.60 6,295.05 8,644.09 17,817.37 16,652.38

Petron Malaysia Refining & Marketing Bhd Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cost of Goods Sold Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,640.77 3,938.80 4,611.94 4,460.87 4,468.02

Petron Malaysia Refining & Marketing Bhd Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM17,480 Mil.

* 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.


Petron Malaysia Refining & Marketing Bhd  (XKLS:3042) Cost of Goods Sold Explanation

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

Petron Malaysia Refining & Marketing Bhd's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(4646.867 - 4468.016) / 4646.867
=3.85 %

* 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.

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.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Petron Malaysia Refining & Marketing Bhd's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:

* 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.

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.


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Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Business Description

Traded in Other Exchanges
N/A
Address
No. 46, Jalan Dungun, Level 12A, Menara I & P, Tower 1, Damansara Heights, Kuala Lumpur, SGR, MYS, 50490
Petron Malaysia Refining & Marketing Bhd is an oil company engaged in producing a wide range of petroleum products which include Gasoline, Automotive Diesel Oil (ADO), Liquefied Petroleum Gas (LPG), Jet Fuel, Naphtha, and Low Sulphur Waxy Residue (LSWR). The company is organized as one integrated business segment which operates to manufacture and sell petroleum products. Geographically majority of its revenue gets derived from the domestic market.

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