Source Rock Royalties (TSXV:SRR) COGS-to-Revenue : 0.50 (As of Dec. 2023)

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What is Source Rock Royalties COGS-to-Revenue?

Source Rock Royalties's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.85 Mil. Its Revenue for the three months ended in Dec. 2023 was C$1.72 Mil.

Source Rock Royalties's COGS to Revenue for the three months ended in Dec. 2023 was 0.50.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Source Rock Royalties's Gross Margin % for the three months ended in Dec. 2023 was 50.41%.

Source Rock Royalties COGS-to-Revenue Historical Data

The historical data trend for Source Rock Royalties'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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Source Rock Royalties COGS-to-Revenue Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.75

0.52

0.34

0.48

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial								0.39	0.48	0.50	0.44	0.50

Source Rock Royalties COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.182	/	6.646
	=	0.48

Source Rock Royalties's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.853	/	1.72
	=	0.50

Source Rock Royalties (TSXV:SRR) COGS-to-Revenue Explanation

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

Source Rock Royalties's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	0.853 / 1.72
	=	50.41 %

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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Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

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