Solstad Offshore ASA (OSL:SOFF) COGS-to-Revenue : 0.77 (As of Mar. 2024)

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What is Solstad Offshore ASA COGS-to-Revenue?

Solstad Offshore ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr592 Mil. Its Revenue for the three months ended in Mar. 2024 was kr768 Mil.

Solstad Offshore ASA's COGS to Revenue for the three months ended in Mar. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Solstad Offshore ASA's Gross Margin % for the three months ended in Mar. 2024 was 22.92%.

Solstad Offshore ASA COGS-to-Revenue Historical Data

The historical data trend for Solstad Offshore 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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Solstad Offshore ASA COGS-to-Revenue Chart

Solstad Offshore ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.71

0.70

0.65

0.53

0.40

Solstad Offshore 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															0.76	0.66	0.67	-0.37	0.77

Solstad Offshore ASA COGS-to-Revenue Calculation

Solstad Offshore 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
	=	2696.195	/	6730.333
	=	0.40

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	591.938	/	767.923
	=	0.77

Solstad Offshore ASA (OSL:SOFF) COGS-to-Revenue Explanation

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

Solstad Offshore 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	-	591.938 / 767.923
	=	22.92 %

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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Solstad Offshore ASA (OSL:SOFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Solstad Offshore ASA (OSL:SOFF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SOFFO:Sweden SZL:Germany

Address

Nesavegen 39, Skudeneshavn, NOR, 4280

Website

https://www.solstad.com

Solstad Offshore ASA is an owner and operator of offshore service vessels, offering maritime services to the petroleum and renewable energy industries. Its operating segments include AHTS: anchor handling vessels; PSV: platform supply vessels; Subsea, which includes construction vessels operating subsea construction contracts; and Renewable segment includes vessels operating renewable contracts. The company generates the majority of its revenue from the Subsea segment.

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