Halliburton Co (LTS:0R23) COGS-to-Revenue : 0.81 (As of Mar. 2024)

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What is Halliburton Co COGS-to-Revenue?

Halliburton Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $4,722 Mil. Its Revenue for the three months ended in Mar. 2024 was $5,804 Mil.

Halliburton Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Halliburton Co's Gross Margin % for the three months ended in Mar. 2024 was 18.64%.

Halliburton Co COGS-to-Revenue Historical Data

The historical data trend for Halliburton Co'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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Halliburton Co COGS-to-Revenue Chart

Halliburton Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.90

0.89

0.87

0.84

0.81

Halliburton Co 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															0.82	0.81	0.81	0.80	0.81

Halliburton Co COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18658	/	23018
	=	0.81

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4722	/	5804
	=	0.81

Halliburton Co (LTS:0R23) COGS-to-Revenue Explanation

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

Halliburton Co'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	-	4722 / 5804
	=	18.64 %

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.

Halliburton Co COGS-to-Revenue Related Terms

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Halliburton Co (LTS:0R23) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Halliburton Co (LTS:0R23) » Definitions » COGS-to-Revenue

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Address

3000 North Sam Houston Parkway East, Houston, TX, USA, 77032

Website

https://www.halliburton.com

Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.

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