Sinopec Oilfield Service (HKSE:01033) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Sinopec Oilfield Service COGS-to-Revenue?

Sinopec Oilfield Service's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$18,539 Mil. Its Revenue for the three months ended in Mar. 2024 was HK$20,133 Mil.

Sinopec Oilfield Service's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sinopec Oilfield Service's Gross Margin % for the three months ended in Mar. 2024 was 7.92%.

Sinopec Oilfield Service COGS-to-Revenue Historical Data

The historical data trend for Sinopec Oilfield Service'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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Sinopec Oilfield Service COGS-to-Revenue Chart

Sinopec Oilfield Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.91

0.93

0.92

0.93

Sinopec Oilfield Service 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															0.93	0.92	0.94	0.92	0.92

Sinopec Oilfield Service COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	81144.717	/	87481.462
	=	0.93

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18538.79	/	20132.794
	=	0.92

Sinopec Oilfield Service (HKSE:01033) COGS-to-Revenue Explanation

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

Sinopec Oilfield Service'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	-	18538.79 / 20132.794
	=	7.92 %

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.

Sinopec Oilfield Service COGS-to-Revenue Related Terms

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Sinopec Oilfield Service (HKSE:01033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Service Corp (HKSE:01033) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

YZCFF:USA YIZH:Germany 600871:China

Address

No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728

Website

https://ssc.sinopec.com

Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

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