Genesis Energy LP (Genesis Energy LP) COGS-to-Revenue : 0.89 (As of Dec. 2023)

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What is Genesis Energy LP COGS-to-Revenue?

Genesis Energy LP's Cost of Goods Sold for the three months ended in Dec. 2023 was $691 Mil. Its Revenue for the three months ended in Dec. 2023 was $774 Mil.

Genesis Energy LP's COGS to Revenue for the three months ended in Dec. 2023 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Genesis Energy LP's Gross Margin % for the three months ended in Dec. 2023 was 10.73%.

Genesis Energy LP COGS-to-Revenue Historical Data

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

Genesis Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.87

0.94

0.88

Genesis Energy LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.85	0.92	0.85	0.84	0.89

Genesis Energy LP COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2781.797	/	3176.996
	=	0.88

Genesis Energy LP's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	691.017	/	774.104
	=	0.89

Genesis Energy LP (NYSE:GEL) COGS-to-Revenue Explanation

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

Genesis Energy LP'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	-	691.017 / 774.104
	=	10.73 %

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.

Genesis Energy LP COGS-to-Revenue Related Terms

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Genesis Energy LP (Genesis Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genesis Energy LP (NYSE:GEL) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

811 Louisiana, Suite 1200, Houston, TX, USA, 77002

Website

https://www.genesisenergy.com

Genesis Energy LP is an us-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment. The Sodium minerals and sulfur services segment includes trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as processing high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.

Executives

Jeffrey J Rasmussen	officer: VP & GM - Refinery Services	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Edward T Flynn	officer: President, Genesis Alkali, LLC	1735 MARKET STREET, PHILADELPHIA PA 19103
Ryan S Sims	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
William W Rainsberger	officer: SVP - Offshore	919 MILAM SUITE 2100, HOUSTON TX 77002
Scott A Sims	officer: VP - Offshore	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Louis V Nicol	officer: SVP & Chief Accounting Officer	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
James E Davison	director	2000 FARMERVILLE HIGHWAY, RUSTON LA 71270
Grant E Sims	director, officer: Chief Executive Officer	919 MILAM SUITE 2100, HOUSTON TX 77002
Garland G Gaspard	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
William Stanton Goloway	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Albert Conrad P	director	919 MILAM SUITE 2100, HOUSTON TX 77002
Kristen O Jesulaitis	officer: General Counsel & Secretary	919 MILAM SUITE 2100, HOUSTON TX 77002
Davison James E. Jr.	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Richard R Alexander	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202