Golden Energy Offshore Services ASA (OSL:GEOS) COGS-to-Revenue : 0.81 (As of Dec. 2023)

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What is Golden Energy Offshore Services ASA COGS-to-Revenue?

Golden Energy Offshore Services ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr65.0 Mil. Its Revenue for the three months ended in Dec. 2023 was kr80.5 Mil.

Golden Energy Offshore Services ASA's COGS to Revenue for the three months ended in Dec. 2023 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Golden Energy Offshore Services ASA's Gross Margin % for the three months ended in Dec. 2023 was 19.19%.

Golden Energy Offshore Services ASA COGS-to-Revenue Historical Data

The historical data trend for Golden Energy Offshore Services ASA'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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Golden Energy Offshore Services ASA COGS-to-Revenue Chart

Golden Energy Offshore Services ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

1.51

1.36

1.00

0.71

Golden Energy Offshore Services ASA Quarterly Data
	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															1.48	0.87	0.68	0.49	0.81

Golden Energy Offshore Services ASA COGS-to-Revenue Calculation

Golden Energy Offshore Services ASA's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	149.778	/	210.086
	=	0.71

Golden Energy Offshore Services ASA's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	65.008	/	80.45
	=	0.81

Golden Energy Offshore Services ASA (OSL:GEOS) COGS-to-Revenue Explanation

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

Golden Energy Offshore Services ASA's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	65.008 / 80.45
	=	19.19 %

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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Golden Energy Offshore Services ASA (OSL:GEOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Energy Offshore Services ASA (OSL:GEOS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GEOUF:USA J9X:Germany

Address

St Olavs Plass 1, Alesund, NOR, 6002

Website

https://www.geoff.no

Golden Energy Offshore Services AS is a shipowner and operator of modern and high-spec offshore service vessels for the oil and gas service industry. The company's fleet includes Energy Empress, Larissa, and many more. Geographically, it derives a majority of its revenue from Europe.