Odfjell Drilling (OSTO:ODLO) COGS-to-Revenue : 0.39 (As of Mar. 2024)

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What is Odfjell Drilling COGS-to-Revenue?

Odfjell Drilling's Cost of Goods Sold for the three months ended in Mar. 2024 was kr510 Mil. Its Revenue for the three months ended in Mar. 2024 was kr1,294 Mil.

Odfjell Drilling's COGS to Revenue for the three months ended in Mar. 2024 was 0.39.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Odfjell Drilling's Gross Margin % for the three months ended in Mar. 2024 was 60.54%.

Odfjell Drilling COGS-to-Revenue Historical Data

The historical data trend for Odfjell Drilling'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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Odfjell Drilling COGS-to-Revenue Chart

Odfjell Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.22

0.39

0.43

0.05

Odfjell Drilling 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															0.41	0.41	-1.08	0.41	0.39

Odfjell Drilling COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	233.142	/	4737.736
	=	0.05

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	510.442	/	1293.615
	=	0.39

Odfjell Drilling (OSTO:ODLO) COGS-to-Revenue Explanation

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

Odfjell Drilling'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	-	510.442 / 1293.615
	=	60.54 %

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.

Odfjell Drilling COGS-to-Revenue Related Terms

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Odfjell Drilling (OSTO:ODLO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (OSTO:ODLO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ODFJF:USA ODL:Norway 0QHX:UK OD3:Germany

Address

Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.

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