Parex Resources (TSX:PXT) COGS-to-Revenue : 0.54 (As of Mar. 2024)

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What is Parex Resources COGS-to-Revenue?

Parex Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was C$245 Mil. Its Revenue for the three months ended in Mar. 2024 was C$456 Mil.

Parex Resources's COGS to Revenue for the three months ended in Mar. 2024 was 0.54.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Parex Resources's Gross Margin % for the three months ended in Mar. 2024 was 46.15%.

Parex Resources COGS-to-Revenue Historical Data

The historical data trend for Parex 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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Parex Resources COGS-to-Revenue Chart

Parex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.46

0.59

0.43

0.42

0.51

Parex 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															0.48	0.50	0.48	0.57	0.54

Parex Resources COGS-to-Revenue Calculation

Parex 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
	=	964.543	/	1897.763
	=	0.51

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	245.455	/	455.783
	=	0.54

Parex Resources (TSX:PXT) COGS-to-Revenue Explanation

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

Parex 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	-	245.455 / 455.783
	=	46.15 %

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.

Parex Resources COGS-to-Revenue Related Terms

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Parex Resources (TSX:PXT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PARXF:USA QPX:Germany

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.

Executives

Sigmund Cornelius

Director

Parex Resources (TSX:PXT) Headlines

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