PJSC RussNeft (MIC:RNFT) COGS-to-Revenue : 0.69 (As of Dec. 2023)

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What is PJSC RussNeft COGS-to-Revenue?

PJSC RussNeft's Cost of Goods Sold for the six months ended in Dec. 2023 was ₽101,561 Mil. Its Revenue for the six months ended in Dec. 2023 was ₽146,778 Mil.

PJSC RussNeft's COGS to Revenue for the six months ended in Dec. 2023 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. PJSC RussNeft's Gross Margin % for the six months ended in Dec. 2023 was 30.81%.

PJSC RussNeft COGS-to-Revenue Historical Data

The historical data trend for PJSC RussNeft'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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PJSC RussNeft COGS-to-Revenue Chart

PJSC RussNeft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.72

0.80

0.72

0.80

0.72

PJSC RussNeft Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.70	0.78	0.83	0.77	0.69

PJSC RussNeft COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	172205	/	238725
	=	0.72

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	101561	/	146778
	=	0.69

PJSC RussNeft (MIC:RNFT) COGS-to-Revenue Explanation

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

PJSC RussNeft'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	-	101561 / 146778
	=	30.81 %

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.

PJSC RussNeft COGS-to-Revenue Related Terms

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PJSC RussNeft (MIC:RNFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PJSC RussNeft (MIC:RNFT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Pyatnitskaya Street, Moscow, RUS, 115054

Website

https://www.russneft.ru

PJSC RussNeft is engaged in the exploration, development, production, and marketing of oil and gas. Its operations include oil production, gas production, exploration and reserves, and technological development. The company has activities in Moscow, Raduzhny, Tomsk, Saratov, Bryansk, Ulyanovsk, Khanty-Mansiysk, and Nizhnevartovsk. The company operates in three principal geographical areas: Europe and other export, the Commonwealth of Independent States (the "CIS") and the Russian Federation (Russia).

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