Western Bulk Chartering AS (Western Bulk Chartering AS) COGS-to-Revenue : 1.02 (As of Dec. 2023)

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What is Western Bulk Chartering AS COGS-to-Revenue?

Western Bulk Chartering AS's Cost of Goods Sold for the six months ended in Dec. 2023 was $555 Mil. Its Revenue for the six months ended in Dec. 2023 was $543 Mil.

Western Bulk Chartering AS's COGS to Revenue for the six months ended in Dec. 2023 was 1.02.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Western Bulk Chartering AS's Gross Margin % for the six months ended in Dec. 2023 was -2.07%.

Western Bulk Chartering AS COGS-to-Revenue Historical Data

The historical data trend for Western Bulk Chartering AS'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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Western Bulk Chartering AS COGS-to-Revenue Chart

Western Bulk Chartering AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.02

0.99

0.95

1.00

Western Bulk Chartering AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial					0.95	0.93	0.98	0.98	1.02

Western Bulk Chartering AS COGS-to-Revenue Calculation

Western Bulk Chartering AS's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1119.253	/	1117.629
	=	1.00

Western Bulk Chartering AS's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	554.666	/	543.393
	=	1.02

Western Bulk Chartering AS (OTCPK:WSSTF) COGS-to-Revenue Explanation

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

Western Bulk Chartering AS'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	-	554.666 / 543.393
	=	-2.07 %

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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Western Bulk Chartering AS (Western Bulk Chartering AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Western Bulk Chartering AS (OTCPK:WSSTF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

WEST:Norway 7EJ:Germany

Address

Henrik Ibsensgate 100, PO Box 2868, Solli, Oslo, NOR, 0230

Website

https://www.westernbulk.com

Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodity includes coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East.

Western Bulk Chartering AS (Western Bulk Chartering AS) Headlines

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