Hang Lung Properties (Hang Lung Properties) COGS-to-Revenue : 0.30 (As of Dec. 2023)

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What is Hang Lung Properties COGS-to-Revenue?

Hang Lung Properties's Cost of Goods Sold for the six months ended in Dec. 2023 was $194 Mil. Its Revenue for the six months ended in Dec. 2023 was $650 Mil.

Hang Lung Properties's COGS to Revenue for the six months ended in Dec. 2023 was 0.30.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hang Lung Properties's Gross Margin % for the six months ended in Dec. 2023 was 70.19%.

Hang Lung Properties COGS-to-Revenue Historical Data

The historical data trend for Hang Lung Properties'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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Hang Lung Properties COGS-to-Revenue Chart

Hang Lung Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.27

0.28

0.29

0.30

0.28

Hang Lung Properties Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.30	0.30	0.30	0.27	0.30

Hang Lung Properties COGS-to-Revenue Calculation

Hang Lung Properties's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	374.786	/	1320.905
	=	0.28

Hang Lung Properties's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	193.859	/	650.337
	=	0.30

Hang Lung Properties (OTCPK:HLPPF) COGS-to-Revenue Explanation

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

Hang Lung Properties'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	-	193.859 / 650.337
	=	70.19 %

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.

Hang Lung Properties COGS-to-Revenue Related Terms

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Hang Lung Properties (Hang Lung Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Properties Ltd (OTCPK:HLPPF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HLPPY:USA 00101:Hong Kong AOP:Germany

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglung.com

Hung Lung Properties is the property arm of Hang Lung Group. The company primarily operates in Hong Kong and China where it develops and invests in a portfolio of commercial properties for rental income as well as develop residential properties for sale. Most of its revenue is generated in China where it focuses on retail malls in Tier 1 and 2 cities such as Shanghai, Wuxi, Hangzhou, Wuhan, Kunming Jinan, Dalian, Shenyang, and Tianjin. As such, investors view the company as a proxy for China's overall retail growth. The company is 59% owned by Hang Lung Group, and led by Ronnie Chan, who has been the chairman of the company since 1991.