Ovintiv (FRA:47Q) COGS-to-Revenue : 0.46 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Ovintiv COGS-to-Revenue?

Ovintiv's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,002 Mil. Its Revenue for the three months ended in Mar. 2024 was €2,164 Mil.

Ovintiv's COGS to Revenue for the three months ended in Mar. 2024 was 0.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ovintiv's Gross Margin % for the three months ended in Mar. 2024 was 53.70%.

Ovintiv COGS-to-Revenue Historical Data

The historical data trend for Ovintiv'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.

* Premium members only.

Ovintiv COGS-to-Revenue Chart

Ovintiv Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

Get a 7-Day Free Trial

0.49

0.55

0.51

0.45

0.46

Ovintiv Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.45	0.47	0.54	0.39	0.46

Ovintiv COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4568.494	/	9979.711
	=	0.46

Ovintiv's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1001.88	/	2163.84
	=	0.46

Ovintiv (FRA:47Q) COGS-to-Revenue Explanation

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

Ovintiv's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1001.88 / 2163.84
	=	53.70 %

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.

Ovintiv COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Ovintiv's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Ovintiv (FRA:47Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ovintiv Inc (FRA:47Q) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

OVV:USA 47Q:Germany OVV:Canada

Address

370 - 17th Street, Suite 1700, Denver, CO, USA, 80202

Website

https://www.ovintiv.com

Ovintiv is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2019, the company reported net proven reserves of 1,348 million barrels of oil equivalent. Net production averaged 543 thousand barrels of oil equivalent per day in 2020 at a ratio of 53% oil and natural gas liquids and 47% natural gas.

Ovintiv (FRA:47Q) Headlines

No Headlines