BlueNord ASA (OSL:BNOR) COGS-to-Revenue : 0.60 (As of Mar. 2024)

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What is BlueNord ASA COGS-to-Revenue?

BlueNord ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1,077 Mil. Its Revenue for the three months ended in Mar. 2024 was kr1,788 Mil.

BlueNord ASA's COGS to Revenue for the three months ended in Mar. 2024 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. BlueNord ASA's Gross Margin % for the three months ended in Mar. 2024 was 39.76%.

BlueNord ASA COGS-to-Revenue Historical Data

The historical data trend for BlueNord ASA'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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BlueNord ASA COGS-to-Revenue Chart

BlueNord ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.85

0.86

0.72

0.47

0.56

BlueNord ASA 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															0.54	0.57	0.56	0.57	0.60

BlueNord ASA COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4670.219	/	8387.828
	=	0.56

BlueNord ASA's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1077.128	/	1788.139
	=	0.60

BlueNord ASA (OSL:BNOR) COGS-to-Revenue Explanation

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

BlueNord ASA'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	-	1077.128 / 1788.139
	=	39.76 %

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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BlueNord ASA (OSL:BNOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BlueNord ASA (OSL:BNOR) » Definitions » COGS-to-Revenue

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NORO:Sweden CJ1:Germany

Address

Nedre Vollgate 1, Oslo, NOR, 0158

Website

https://www.bluenord.com

BlueNord ASA is a strategically important European oil and gas company, specializing in producing and developing resources that support the energy transition towards Net Zero. The company operates in the Danish North Sea with a 36.8 percent non-operated interest in the Danish Underground Consortium (DUC). The Company has a focus on developing and implementing solutions that will improve the long-term position of oil and gas as a key part of the energy mix while reducing greenhouse gas emissions on the Danish Continental Shelf.

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