Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) COGS-to-Revenue : 0.17 (As of Dec. 2023)

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What is Hong Kong Exchanges and Clearing COGS-to-Revenue?

Hong Kong Exchanges and Clearing's Cost of Goods Sold for the three months ended in Dec. 2023 was $83 Mil. Its Revenue for the three months ended in Dec. 2023 was $480 Mil.

Hong Kong Exchanges and Clearing's COGS to Revenue for the three months ended in Dec. 2023 was 0.17.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hong Kong Exchanges and Clearing's Gross Margin % for the three months ended in Dec. 2023 was 82.72%.

Hong Kong Exchanges and Clearing COGS-to-Revenue Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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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Hong Kong Exchanges and Clearing COGS-to-Revenue Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.25

0.22

0.17

0.21

0.26

Hong Kong Exchanges and Clearing 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															0.28	0.21	0.30	0.17	0.34

Hong Kong Exchanges and Clearing COGS-to-Revenue Calculation

Hong Kong Exchanges and Clearing's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	510.128	/	1977.643
	=	0.26

Hong Kong Exchanges and Clearing's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	82.973	/	480.166
	=	0.17

Hong Kong Exchanges and Clearing (OTCPK:HKXCY) COGS-to-Revenue Explanation

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

Hong Kong Exchanges and Clearing'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	-	82.973 / 480.166
	=	82.72 %

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.

Hong Kong Exchanges and Clearing COGS-to-Revenue Related Terms

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Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.