Magellan Midstream Partners LP (Magellan Midstream Partners LP) COGS-to-Revenue : 0.40 (As of Jun. 2023)

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What is Magellan Midstream Partners LP COGS-to-Revenue?

Magellan Midstream Partners LP's Cost of Goods Sold for the three months ended in Jun. 2023 was $353 Mil. Its Revenue for the three months ended in Jun. 2023 was $877 Mil.

Magellan Midstream Partners LP's COGS to Revenue for the three months ended in Jun. 2023 was 0.40.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Magellan Midstream Partners LP's Gross Margin % for the three months ended in Jun. 2023 was 59.76%.

Magellan Midstream Partners LP COGS-to-Revenue Historical Data

The historical data trend for Magellan Midstream Partners LP'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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Magellan Midstream Partners LP COGS-to-Revenue Chart

Magellan Midstream Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.34

0.30

0.31

0.37

0.44

Magellan Midstream Partners LP Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.43	0.37	0.52	0.43	0.40

Magellan Midstream Partners LP COGS-to-Revenue Calculation

Magellan Midstream Partners LP's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1412.2	/	3200.4
	=	0.44

Magellan Midstream Partners LP's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	353	/	877.2
	=	0.40

Magellan Midstream Partners LP (NYSE:MMP) COGS-to-Revenue Explanation

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

Magellan Midstream Partners LP's Gross Margin % for the three months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	353 / 877.2
	=	59.76 %

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.

Magellan Midstream Partners LP COGS-to-Revenue Related Terms

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Magellan Midstream Partners LP (Magellan Midstream Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magellan Midstream Partners LP (NYSE:MMP) » Definitions » COGS-to-Revenue

Comparable Companies

PAA WES TRGP AM ENLC DTM ETRN FRO PAGP CEQP TSX:ENB EPD ET WMB LNG KMI TSX:TRP MPLX OKE CQP

Traded in Other Exchanges

N/A

Address

One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186

Website

https://www.magellanlp.com

Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.

Executives

James R Hoskin	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
James R Montague	director	FIVE RADNOR CORPORATE CENTER, SUITE 500, RADNOR PA 19087
Kyle T Krshka	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Sivasankaran Somasundaram	director	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Melanie A Little	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Mark B Roles	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Lisa J Korner	officer: Vice President	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Chansoo Joung	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Jeff R Selvidge	officer: Senior Vice President	ONE WILLIAMS CENTER SUITE 2800, TULSA OK 74172
Douglas J May	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 4100, TULSA OK 74172
Robert G Croyle	director	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Michael C Pearson	officer: Senior Vice President	ONE WILLIAMS CENTER, SUITE 2800, TULSA OK 74172
Jeffrey L Holman	officer: Senior Vice President & CFO	ONE WILLIAMS CENTER, TULSA OK 74172
Michael N Mears	officer: Vice President	ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Lori Gobillot	director	5103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042