Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) COGS-to-Revenue : 0.88 (As of Dec. 2023)

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What is Burgan Company for Well Drilling Trading and MaintenanceK COGS-to-Revenue?

Burgan Company for Well Drilling Trading and MaintenanceK's Cost of Goods Sold for the three months ended in Dec. 2023 was KWD11.18 Mil. Its Revenue for the three months ended in Dec. 2023 was KWD12.74 Mil.

Burgan Company for Well Drilling Trading and MaintenanceK's COGS to Revenue for the three months ended in Dec. 2023 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Burgan Company for Well Drilling Trading and MaintenanceK's Gross Margin % for the three months ended in Dec. 2023 was 12.22%.

Burgan Company for Well Drilling Trading and MaintenanceK COGS-to-Revenue Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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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Burgan Company for Well Drilling Trading and MaintenanceK COGS-to-Revenue Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar12

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.86

0.89

0.88

0.87

Burgan Company for Well Drilling Trading and MaintenanceK 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															0.88	0.87	0.84	0.82	0.88

Burgan Company for Well Drilling Trading and MaintenanceK COGS-to-Revenue Calculation

Burgan Company for Well Drilling Trading and MaintenanceK's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	48.002	/	55.436
	=	0.87

Burgan Company for Well Drilling Trading and MaintenanceK's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11.182	/	12.739
	=	0.88

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) COGS-to-Revenue Explanation

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

Burgan Company for Well Drilling Trading and MaintenanceK'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	-	11.182 / 12.739
	=	12.22 %

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.

Burgan Company for Well Drilling Trading and MaintenanceK COGS-to-Revenue Related Terms

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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK is engaged in the provision of drilling, exploration, and maintenance services of wells for oil and gas companies. It serves its clients to drill their deep, medium, and shallow wells and carry also workover operations for the same. The company's operating segment being Oil and Gas well services. Geographically, it operates and derives revenue only from Kuwait.

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