PBF Energy (STU:PEN) COGS-to-Revenue : 0.97 (As of Mar. 2024)

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What is PBF Energy COGS-to-Revenue?

PBF Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €7,753 Mil. Its Revenue for the three months ended in Mar. 2024 was €7,954 Mil.

PBF Energy's COGS to Revenue for the three months ended in Mar. 2024 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. PBF Energy's Gross Margin % for the three months ended in Mar. 2024 was 2.52%.

PBF Energy COGS-to-Revenue Historical Data

The historical data trend for PBF Energy'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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PBF Energy COGS-to-Revenue Chart

PBF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.96

1.11

0.97

0.90

0.94

PBF Energy 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															0.94	0.94	0.89	0.99	0.97

PBF Energy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	32944.326	/	35143.842
	=	0.94

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7753.208	/	7953.952
	=	0.97

PBF Energy (STU:PEN) COGS-to-Revenue Explanation

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

PBF Energy'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	-	7753.208 / 7953.952
	=	2.52 %

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.

PBF Energy COGS-to-Revenue Related Terms

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PBF Energy (STU:PEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PBF Energy Inc (STU:PEN) » Definitions » COGS-to-Revenue

Comparable Companies

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PBF:USA PBF:Mexico

Address

One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054

Website

https://www.pbfenergy.com

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.