Harbour Energy (LSE:HBR) COGS-to-Revenue : 0.66 (As of Dec. 2023)

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What is Harbour Energy COGS-to-Revenue?

Harbour Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was £895 Mil. Its Revenue for the six months ended in Dec. 2023 was £1,362 Mil.

Harbour Energy's COGS to Revenue for the six months ended in Dec. 2023 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Harbour Energy's Gross Margin % for the six months ended in Dec. 2023 was 34.29%.

Harbour Energy COGS-to-Revenue Historical Data

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

Harbour Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.77

0.71

0.53

0.63

Harbour Energy Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial			0.63	0.51	0.54	0.61	0.66

Harbour Energy COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1862.03	/	2934.85
	=	0.63

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	894.833	/	1361.723
	=	0.66

Harbour Energy (LSE:HBR) COGS-to-Revenue Explanation

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

Harbour Energy's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	894.833 / 1361.723
	=	34.29 %

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.

Harbour Energy COGS-to-Revenue Related Terms

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Harbour Energy (LSE:HBR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Harbour Energy PLC (LSE:HBR) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

PMOIF:USA HBRIY:USA HBRl:UK PQQ0:Germany

Address

23 Lower Belgrave Street, London, GBR, SW1W ONR

Website

https://www.harbourenergy.com

Harbour Energy PLC is an independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. It has a lower carbon intensity than the average UK oil and gas producer.

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