Gazprom Neft PJSC (MIC:SIBN) COGS-to-Revenue : 0.40 (As of Jun. 2023)

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What is Gazprom Neft PJSC COGS-to-Revenue?

Gazprom Neft PJSC's Cost of Goods Sold for the three months ended in Jun. 2023 was ₽329,310 Mil. Its Revenue for the three months ended in Jun. 2023 was ₽821,617 Mil.

Gazprom Neft PJSC's COGS to Revenue for the three months ended in Jun. 2023 was 0.40.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gazprom Neft PJSC's Gross Margin % for the three months ended in Jun. 2023 was 59.92%.

Gazprom Neft PJSC COGS-to-Revenue Historical Data

The historical data trend for Gazprom Neft PJSC'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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Gazprom Neft PJSC COGS-to-Revenue Chart

Gazprom Neft PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

COGS-to-Revenue

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0.42

0.41

0.44

0.49

0.46

Gazprom Neft PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.45	0.47	0.49	0.48	0.40

Gazprom Neft PJSC COGS-to-Revenue Calculation

Gazprom Neft PJSC's COGS to Revenue for the fiscal year that ended in Dec. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1405486	/	3068442
	=	0.46

Gazprom Neft PJSC's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	329310	/	821617
	=	0.40

Gazprom Neft PJSC (MIC:SIBN) COGS-to-Revenue Explanation

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

Gazprom Neft PJSC's Gross Margin % for the three months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	329310 / 821617
	=	59.92 %

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.

Gazprom Neft PJSC COGS-to-Revenue Related Terms

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Gazprom Neft PJSC (MIC:SIBN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gazprom Neft PJSC (MIC:SIBN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5 Pochtamtskaya Street, Saint Petersburg, RUS, 190000

Website

https://www.gazprom-neft.com

Gazprom Neft PJSC is a vertically integrated oil company. The company along with its subsidiaries is engaged in the exploration, development of crude oil and gas as well as the production and sale of petroleum products. It operates in two segments namely; the exploration, development, and production of crude oil and natural gas, and oilfield services, and key revenue driver segment includes refining and marketing including processing crude into refined products and purchases, sells and transports crude and refined petroleum products.