Odyssey Marine Exploration (FRA:OYM1) COGS-to-Revenue : 4.36 (As of Mar. 2024)

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What is Odyssey Marine Exploration COGS-to-Revenue?

Odyssey Marine Exploration's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.82 Mil. Its Revenue for the three months ended in Mar. 2024 was €0.19 Mil.

Odyssey Marine Exploration's COGS to Revenue for the three months ended in Mar. 2024 was 4.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Odyssey Marine Exploration's Gross Margin % for the three months ended in Mar. 2024 was -335.83%.

Odyssey Marine Exploration COGS-to-Revenue Historical Data

The historical data trend for Odyssey Marine Exploration'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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Odyssey Marine Exploration COGS-to-Revenue Chart

Odyssey Marine Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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2.58

5.36

10.37

7.31

5.35

Odyssey Marine Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															5.63	4.44	8.65	-	4.36

Odyssey Marine Exploration COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.941	/	0.737
	=	5.35

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0.815	/	0.187
	=	4.36

Odyssey Marine Exploration (FRA:OYM1) COGS-to-Revenue Explanation

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

Odyssey Marine Exploration'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	-	0.815 / 0.187
	=	-335.83 %

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.

Odyssey Marine Exploration COGS-to-Revenue Related Terms

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Odyssey Marine Exploration (FRA:OYM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Odyssey Marine Exploration Inc (FRA:OYM1) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

OMEX:USA

Address

205 South Hoover Boulevard, Suite 210, Tampa, FL, USA, 33609

Website

https://www.odysseymarine.com

Odyssey Marine Exploration Inc is a deep-ocean exploration company. It is engaged in the discovery, validation, and development of subsea mineral deposits in a socially and environmentally responsible manner. The company works with governments worldwide to identify mineral resources in Exclusive Economic Zones, focusing on phosphorite (fertilizer) and polymetallic nodule (battery metals) projects.

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