Arrow Exploration (TSXV:AXL) COGS-to-Revenue : 0.34 (As of Mar. 2024)

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What is Arrow Exploration COGS-to-Revenue?

Arrow Exploration's Cost of Goods Sold for the three months ended in Mar. 2024 was C$7.47 Mil. Its Revenue for the three months ended in Mar. 2024 was C$22.19 Mil.

Arrow Exploration's COGS to Revenue for the three months ended in Mar. 2024 was 0.34.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Arrow Exploration's Gross Margin % for the three months ended in Mar. 2024 was 66.32%.

Arrow Exploration COGS-to-Revenue Historical Data

The historical data trend for Arrow Exploration'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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Arrow Exploration COGS-to-Revenue Chart

Arrow Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.40

0.42

0.32

0.31

0.36

Arrow Exploration 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															0.43	0.43	0.37	0.25	0.34

Arrow Exploration COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24.302	/	67.881
	=	0.36

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7.473	/	22.191
	=	0.34

Arrow Exploration (TSXV:AXL) COGS-to-Revenue Explanation

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

Arrow Exploration'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	-	7.473 / 22.191
	=	66.32 %

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.

Arrow Exploration COGS-to-Revenue Related Terms

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Arrow Exploration (TSXV:AXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arrow Exploration Corp (TSXV:AXL) » Definitions » COGS-to-Revenue

Comparable Companies

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CSTPF:USA AXL:UK

Address

333 - 11th Avenue SW, 1430, Calgary, CAN, T2R 1L9

Website

https://www.arrowexploration.ca

Arrow Exploration Corp is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. It operates in Colombia and Western Canada. Some of the company's assets are Tapir Block and Santa Isabel. The Canada segment of the company is referred to as Corporate Segment. The company's revenues are majorly derived from Oil Sales.

Executives

Canacol Energy Ltd.

10% Security Holder