Prairie Provident Resources (TSX:PPR) COGS-to-Revenue : 0.98 (As of Mar. 2024)

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What is Prairie Provident Resources COGS-to-Revenue?

Prairie Provident Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$12.74 Mil. Its Revenue for the three months ended in Mar. 2024 was C$13.00 Mil.

Prairie Provident Resources's COGS to Revenue for the three months ended in Mar. 2024 was 0.98.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Prairie Provident Resources's Gross Margin % for the three months ended in Mar. 2024 was 1.99%.

Prairie Provident Resources COGS-to-Revenue Historical Data

The historical data trend for Prairie Provident Resources'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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Prairie Provident Resources COGS-to-Revenue Chart

Prairie Provident Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.01

1.40

0.87

0.74

0.90

Prairie Provident Resources 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															1.01	0.76	0.85	1.00	0.98

Prairie Provident Resources COGS-to-Revenue Calculation

Prairie Provident Resources's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	72.042	/	79.802
	=	0.90

Prairie Provident Resources's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12.737	/	12.996
	=	0.98

Prairie Provident Resources (TSX:PPR) COGS-to-Revenue Explanation

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

Prairie Provident Resources'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	-	12.737 / 12.996
	=	1.99 %

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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Prairie Provident Resources (TSX:PPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prairie Provident Resources Inc (TSX:PPR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

PRPRF:USA 09N:Germany 09N:Germany

Address

1100, 640 - 5th Avenue SW, Calgary, AB, CAN, T2P 3G4

Website

https://www.ppr.ca

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company's operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.

Executives

David Stobbe

Senior Officer

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