Gulfport Energy (FRA:G2U0) COGS-to-Revenue : 0.41 (As of Mar. 2024)

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What is Gulfport Energy COGS-to-Revenue?

Gulfport Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €89.1 Mil. Its Revenue for the three months ended in Mar. 2024 was €219.0 Mil.

Gulfport Energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.41.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gulfport Energy's Gross Margin % for the three months ended in Mar. 2024 was 59.33%.

Gulfport Energy COGS-to-Revenue Historical Data

The historical data trend for Gulfport 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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Gulfport Energy COGS-to-Revenue Chart

Gulfport Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.37

0.14

0.37

Gulfport Energy 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															0.28	0.46	0.42	0.37	0.41

Gulfport Energy COGS-to-Revenue Calculation

Gulfport 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
	=	356.129	/	964.118
	=	0.37

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	89.085	/	219.046
	=	0.41

Gulfport Energy (FRA:G2U0) COGS-to-Revenue Explanation

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

Gulfport Energy'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	-	89.085 / 219.046
	=	59.33 %

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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Gulfport Energy (FRA:G2U0) Business Description

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GPOR:USA

Address

713 Market Drive, Oklahoma City, OK, USA, 73114

Website

https://www.gulfportenergy.com

Gulfport Energy Corp is an independent exploration and development company. It operates through Utica Shale and Scoop properties. The Utica Shale is located in the Appalachian Basin of the United States and Canada. The Scoop (South Central Oklahoma Oil Province) play of Oklahoma is located in the southeast portion of the prolific Anadarko Basin.

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