Chesapeake Energy (Chesapeake Energy) COGS-to-Revenue : 0.35 (As of Dec. 2023)

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What is Chesapeake Energy COGS-to-Revenue?

Chesapeake Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $632.00 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,809.00 Mil.

Chesapeake Energy's COGS to Revenue for the three months ended in Dec. 2023 was 0.35.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chesapeake Energy's Gross Margin % for the three months ended in Dec. 2023 was 65.06%.

Chesapeake Energy COGS-to-Revenue Historical Data

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

Chesapeake Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.95

0.88

0.29

0.35

Chesapeake Energy 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															0.20	0.50	0.93	0.43	0.35

Chesapeake Energy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2736	/	7775
	=	0.35

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	632	/	1809
	=	0.35

Chesapeake Energy (NAS:CHKEZ) COGS-to-Revenue Explanation

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

Chesapeake Energy'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	-	632 / 1809
	=	65.06 %

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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Chesapeake Energy (Chesapeake Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chesapeake Energy Corp (NAS:CHKEZ) » Definitions » COGS-to-Revenue

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CHK:USA CHK1:Mexico

Address

6100 North Western Avenue, Oklahoma City, OK, USA, 73118

Website

https://www.chk.com

Chesapeake Energy Corp is a us-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. Geographically, the company focuses on areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana (Gulf Coast); and Eagle Ford, South Texas.