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Cosco Shipping Development Co (Cosco Shipping Development Co) COGS-to-Revenue : 0.66 (As of Dec. 2023)


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What is Cosco Shipping Development Co COGS-to-Revenue?

Cosco Shipping Development Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $471 Mil. Its Revenue for the three months ended in Dec. 2023 was $717 Mil.

Cosco Shipping Development Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cosco Shipping Development Co's Gross Margin % for the three months ended in Dec. 2023 was 34.25%.

Cosco Shipping Development Co COGS-to-Revenue Historical Data

The historical data trend for Cosco Shipping Development Co'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.

* Premium members only.

Cosco Shipping Development Co COGS-to-Revenue Chart

Cosco Shipping Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.74 0.71 0.72 0.69

Cosco Shipping Development Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.75 0.53 0.76 0.66

Cosco Shipping Development Co COGS-to-Revenue Calculation

Cosco Shipping Development Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1520.218 / 2196.736
=0.69

Cosco Shipping Development Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=471.312 / 716.846
=0.66

* 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.

Cosco Shipping Development Co  (OTCPK:CITAY) COGS-to-Revenue Explanation

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

Cosco Shipping Development Co's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 471.312 / 716.846
=34.25 %

* 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.

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.

Cosco Shipping Development Co COGS-to-Revenue Related Terms

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Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAY) » Definitions » COGS-to-Revenue
Comparable Companies
SHSE:688297 SHSE:600879 SHSE:688563 SHSE:600685 SZSE:000738 SHSE:600038 SHSE:600118 SZSE:002389 SHSE:688281 SZSE:300045 XPAR:AIR RTX BA LMT XPAR:SAF GD NOC TDG LSE:BA. LSE:RR.
Traded in Other Exchanges
CITAF:USA 02866:Hong Kong EZ5:Germany 601866:China
Address
Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127
Website
https://www.cscl.com.cn
COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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