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ADNOC Gas (ADX:ADNOCGAS) COGS-to-Revenue : 0.74 (As of Dec. 2023)


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What is ADNOC Gas COGS-to-Revenue?

ADNOC Gas's Cost of Goods Sold for the six months ended in Dec. 2023 was د.إ48,532 Mil. Its Revenue for the six months ended in Dec. 2023 was د.إ65,766 Mil.

ADNOC Gas's COGS to Revenue for the six months ended in Dec. 2023 was 0.74.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ADNOC Gas's Gross Margin % for the six months ended in Dec. 2023 was 26.20%.

ADNOC Gas COGS-to-Revenue Historical Data

The historical data trend for ADNOC Gas'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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ADNOC Gas COGS-to-Revenue Chart

ADNOC Gas Annual Data
Trend Dec20 Dec21 Dec23
COGS-to-Revenue
- 0.66 0.74

ADNOC Gas Semi-Annual Data
Dec20 Dec21 Dec23
COGS-to-Revenue - 0.66 0.74

ADNOC Gas COGS-to-Revenue Calculation

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

COGS to Revenue=Cost of Goods Sold / Revenue
=48531.856 / 65765.502
=0.74

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

COGS to Revenue=Cost of Goods Sold / Revenue
=48531.856 / 65765.502
=0.74

* 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.

ADNOC Gas  (ADX:ADNOCGAS) COGS-to-Revenue Explanation

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

ADNOC Gas's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 48531.856 / 65765.502
=26.20 %

* 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.

ADNOC Gas COGS-to-Revenue Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » COGS-to-Revenue
Comparable Companies
Traded in Other Exchanges
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Address
Corniche Road West, P.O. Box 898, Abu Dhabi, ARE
Website
https://www.adnoc.ae
ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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