China Oilfield Services (HKSE:02883) COGS-to-Revenue : 0.84 (As of Mar. 2024)

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What is China Oilfield Services COGS-to-Revenue?

China Oilfield Services's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$9,216 Mil. Its Revenue for the three months ended in Mar. 2024 was HK$11,024 Mil.

China Oilfield Services's COGS to Revenue for the three months ended in Mar. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Oilfield Services's Gross Margin % for the three months ended in Mar. 2024 was 16.40%.

China Oilfield Services COGS-to-Revenue Historical Data

The historical data trend for China Oilfield Services'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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China Oilfield Services COGS-to-Revenue Chart

China Oilfield Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.77

0.84

0.88

0.84

China Oilfield Services 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															0.86	0.84	0.82	0.85	0.84

China Oilfield Services COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	40583.236	/	48245.073
	=	0.84

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9215.9	/	11023.761
	=	0.84

China Oilfield Services (HKSE:02883) COGS-to-Revenue Explanation

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

China Oilfield Services'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	-	9215.9 / 11023.761
	=	16.40 %

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.

China Oilfield Services COGS-to-Revenue Related Terms

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China Oilfield Services (HKSE:02883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oilfield Services Ltd (HKSE:02883) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CHOLF:USA CO9:Germany 601808:China

Address

201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201

Website

https://www.cosl.com.cn

China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments; the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying.

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