Imperial Petroleum (Imperial Petroleum) COGS-to-Revenue : 0.59 (As of Mar. 2024)

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What is Imperial Petroleum COGS-to-Revenue?

Imperial Petroleum's Cost of Goods Sold for the three months ended in Mar. 2024 was $24.2 Mil. Its Revenue for the three months ended in Mar. 2024 was $41.2 Mil.

Imperial Petroleum's COGS to Revenue for the three months ended in Mar. 2024 was 0.59.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Imperial Petroleum's Gross Margin % for the three months ended in Mar. 2024 was 41.35%.

Imperial Petroleum COGS-to-Revenue Historical Data

The historical data trend for Imperial Petroleum'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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Imperial Petroleum COGS-to-Revenue Chart

Imperial Petroleum Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Jul11

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.98

1.13

0.66

0.60

Imperial Petroleum Quarterly Data
	Jul11	Oct11	Jan12	Apr12	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.44	0.53	0.85	0.85	0.59

Imperial Petroleum COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	110.354	/	183.726
	=	0.60

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24.164	/	41.203
	=	0.59

Imperial Petroleum (NAS:IMPP) COGS-to-Revenue Explanation

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

Imperial Petroleum'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	-	24.164 / 41.203
	=	41.35 %

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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Imperial Petroleum (Imperial Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Imperial Petroleum Inc (NAS:IMPP) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.imperialpetro.com

Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of three medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemical.