Forum Energy Technologies (FRA:1FE1) COGS-to-Revenue : 0.68 (As of Mar. 2024)

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What is Forum Energy Technologies COGS-to-Revenue?

Forum Energy Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €127.5 Mil. Its Revenue for the three months ended in Mar. 2024 was €186.2 Mil.

Forum Energy Technologies's COGS to Revenue for the three months ended in Mar. 2024 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Forum Energy Technologies's Gross Margin % for the three months ended in Mar. 2024 was 31.50%.

Forum Energy Technologies COGS-to-Revenue Historical Data

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

Forum Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.74

1.02

0.77

0.73

0.72

Forum Energy Technologies 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															0.72	0.72	0.72	0.73	0.68

Forum Energy Technologies COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	490.33	/	677.538
	=	0.72

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	127.543	/	186.201
	=	0.68

Forum Energy Technologies (FRA:1FE1) COGS-to-Revenue Explanation

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

Forum Energy Technologies'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	-	127.543 / 186.201
	=	31.50 %

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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Forum Energy Technologies (FRA:1FE1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forum Energy Technologies Inc (FRA:1FE1) » Definitions » COGS-to-Revenue

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FET:USA

Address

10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064

Website

https://www.f-e-t.com

Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

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