Havila Shipping ASA (OSL:HAVI) COGS-to-Revenue : 0.87 (As of Mar. 2024)

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What is Havila Shipping ASA COGS-to-Revenue?

Havila Shipping ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr101.1 Mil. Its Revenue for the three months ended in Mar. 2024 was kr116.7 Mil.

Havila Shipping ASA's COGS to Revenue for the three months ended in Mar. 2024 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Havila Shipping ASA's Gross Margin % for the three months ended in Mar. 2024 was 13.32%.

Havila Shipping ASA COGS-to-Revenue Historical Data

The historical data trend for Havila Shipping 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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Havila Shipping ASA COGS-to-Revenue Chart

Havila Shipping ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

0.99

1.13

0.97

0.86

Havila Shipping ASA 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															0.93	0.67	0.81	1.10	0.87

Havila Shipping ASA COGS-to-Revenue Calculation

Havila Shipping 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
	=	572.846	/	665.289
	=	0.86

Havila Shipping ASA's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	101.147	/	116.695
	=	0.87

Havila Shipping ASA (OSL:HAVI) COGS-to-Revenue Explanation

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

Havila Shipping ASA'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	-	101.147 / 116.695
	=	13.32 %

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.

Havila Shipping ASA COGS-to-Revenue Related Terms

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Havila Shipping ASA (OSL:HAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Havila Shipping ASA (OSL:HAVI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HAVIO:Sweden H4S:Germany

Address

P.O Box 215, Fosnavag, NOR, N-6099

Website

https://www.havilashipping.no

Havila Shipping ASA along with its subsidiaries is engaged in the shipping business. The company manages and operates offshore service vessels. The group is involved in the operation of approximately 27 vessels. Its segment includes Anchor handling tug service, Anchor handling tug service - Asia, Platform supply vessel, Rescue recovery vessel and Subsea operations vessels. It operates in five geographical areas namely The Norwegian, British and Danish sectors of the North Sea, Asia, Brazil, Africa and the Netherlands. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Asia, and Brazil.

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