Laredo Oil (LRDC) Cost of Revenue (2011 - 2023)

Laredo Oil (LRDC) reported Cost of Revenue of $324940.0 for Q2 2023, up 229.59% on a YoY basis from $98587.8 in Q2 2022, and up 279.41% sequentially from -$181111.0 in Q4 2022.

Laredo Oil (LRDC) Cost of Revenue (2011 - 2023) Analysis & Trends

Laredo Oil (LRDC) has 13 years of Cost of Revenue data on file, last reported at $324940.0 in Q2 2023.

  • For the quarter ending Q2 2023, Cost of Revenue rose 229.59% year-over-year to $324940.0; the trailing twelve-month figure through Feb 2024 stood at $324940.0 (up 149.83% YoY), and the FY2023 full-year result was -$76359.0, down 105.94% from the prior year.
  • Cost of Revenue rose to $324940.0 in Q2 2023, from -$181111.0 in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.2 million in Q1 2019 to a low of -$250736.0 in Q2 2022.
  • A 5-year average of $1.1 million and a median of $1.2 million in 2021 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue plunged 144.5% in 2022 and jumped 229.59% in 2023, its largest moves.
  • Tracing LRDC's Cost of Revenue over 5 years: stood at $2.0 million in 2019, then plunged by 35.28% to $1.3 million in 2020, then slumped by 54.56% to $573890.0 in 2021, then plunged by 131.56% to -$181111.0 in 2022, then jumped by 279.41% to $324940.0 in 2023.
  • Business Quant data shows LRDC's Cost of Revenue at $324940.0 in Q2 2023, -$181111.0 in Q4 2022, and -$220188.0 in Q3 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 6.28 Bn
2 Eog Resources 74.61 Bn 70.76 Bn - -
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 24.00 Mn
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn 326.00 Mn
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 356.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 385.02 Mn
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 894.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 185.00 Mn
10 Laredo Oil 54.72 Mn 54.46 Mn - -

Historic Data

Download Data
DateValue
May 31, 2023 324,940.00
May 31, 2023 324,940.00
Nov 30, 2022 -181,111.00
Nov 30, 2022 -181,111.00
Aug 31, 2022 -220,188.00
Aug 31, 2022 -220,188.00
May 31, 2022 -250,736.00
May 31, 2022 -250,736.00
Feb 28, 2022 371,961.00
Feb 28, 2022 371,961.00
Nov 30, 2021 573,890.00
Nov 30, 2021 573,890.00
Aug 31, 2021 591,129.00
Aug 31, 2021 591,129.00
May 31, 2021 563,510.00
May 31, 2021 563,510.00
Feb 28, 2021 1.23 Mn
Feb 28, 2021 1.23 Mn
Nov 30, 2020 1.26 Mn
Nov 30, 2020 1.26 Mn