OceanaGold (TSX:OGC) COGS-to-Revenue : 0.83 (As of Mar. 2024)

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What is OceanaGold COGS-to-Revenue?

OceanaGold's Cost of Goods Sold for the three months ended in Mar. 2024 was C$305 Mil. Its Revenue for the three months ended in Mar. 2024 was C$366 Mil.

OceanaGold's COGS to Revenue for the three months ended in Mar. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. OceanaGold's Gross Margin % for the three months ended in Mar. 2024 was 16.57%.

OceanaGold COGS-to-Revenue Historical Data

The historical data trend for OceanaGold'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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OceanaGold COGS-to-Revenue Chart

OceanaGold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.91

0.69

0.73

0.71

OceanaGold 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															0.67	0.60	0.77	0.81	0.83

OceanaGold COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	976.148	/	1376.884
	=	0.71

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	305.237	/	365.878
	=	0.83

OceanaGold (TSX:OGC) COGS-to-Revenue Explanation

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

OceanaGold'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	-	305.237 / 365.878
	=	16.57 %

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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OceanaGold (TSX:OGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » OceanaGold Corp (TSX:OGC) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

OCANF:USA RQQ:Germany

Address

400 Burrard Street, Suite 1020, Vancouver, BC, CAN, V6C 3A6

Website

https://www.oceanagold.com

OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering strong returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.

Executives

Liang Tang

Senior Officer

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