Pyxis Tankers (Pyxis Tankers) COGS-to-Revenue : 0.52 (As of Mar. 2024)

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What is Pyxis Tankers COGS-to-Revenue?

Pyxis Tankers's Cost of Goods Sold for the three months ended in Mar. 2024 was $6.18 Mil. Its Revenue for the three months ended in Mar. 2024 was $11.81 Mil.

Pyxis Tankers's COGS to Revenue for the three months ended in Mar. 2024 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Pyxis Tankers's Gross Margin % for the three months ended in Mar. 2024 was 47.67%.

Pyxis Tankers COGS-to-Revenue Historical Data

The historical data trend for Pyxis Tankers'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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Pyxis Tankers COGS-to-Revenue Chart

Pyxis Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.90

1.06

0.62

0.52

Pyxis Tankers 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															0.61	0.48	0.52	0.45	0.52

Pyxis Tankers COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	23.478	/	45.468
	=	0.52

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.178	/	11.805
	=	0.52

Pyxis Tankers (NAS:PXS) COGS-to-Revenue Explanation

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

Pyxis Tankers'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	-	6.178 / 11.805
	=	47.67 %

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.

Pyxis Tankers COGS-to-Revenue Related Terms

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Pyxis Tankers (Pyxis Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pyxis Tankers Inc (NAS:PXS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

PXSAP.PFD:USA

Address

59 K. Karamanli Street, Maroussi, GRC, 15125

Website

http://www.pyxistankers.com

Pyxis Tankers Inc is an international maritime transportation company that focuses on the product tanker sector. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.