Yantai Changyu Pioneer Wine Co (SZSE:000869) COGS-to-Revenue : 0.41 (As of Mar. 2024)

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What is Yantai Changyu Pioneer Wine Co COGS-to-Revenue?

Yantai Changyu Pioneer Wine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥331 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥811 Mil.

Yantai Changyu Pioneer Wine Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.41.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Yantai Changyu Pioneer Wine Co's Gross Margin % for the three months ended in Mar. 2024 was 59.18%.

Yantai Changyu Pioneer Wine Co COGS-to-Revenue Historical Data

The historical data trend for Yantai Changyu Pioneer Wine 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.

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Yantai Changyu Pioneer Wine Co COGS-to-Revenue Chart

Yantai Changyu Pioneer Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.37

0.44

0.42

0.43

0.41

Yantai Changyu Pioneer Wine Co 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															0.41	0.41	0.41	0.40	0.41

Yantai Changyu Pioneer Wine Co COGS-to-Revenue Calculation

Yantai Changyu Pioneer Wine 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
	=	1786.983	/	4384.764
	=	0.41

Yantai Changyu Pioneer Wine Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	330.998	/	810.828
	=	0.41

Yantai Changyu Pioneer Wine Co (SZSE:000869) COGS-to-Revenue Explanation

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

Yantai Changyu Pioneer Wine Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	330.998 / 810.828
	=	59.18 %

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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Yantai Changyu Pioneer Wine Co (SZSE:000869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Yantai Changyu Pioneer Wine Co Ltd (SZSE:000869) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

200869:China

Address

56 Dama Road, Shandong, Yantai, CHN, 264000

Website

http://www.changyu.com.cn

Yantai Changyu Pioneer Wine Co Ltd produces and sells wine, brandy, and champagne. The company's brands include Changyu, Jiebaina, AFIP, Koyac, and Tinlot Reserva. Wine sales account for more than three-quarters of the company's total revenue. Yantai possesses vineyards in several Chinese provinces suitable for wine grape growing, such as Shandong, Ningxia, Xinjiang, Liaoning, Hebei, and Shanxi. Nearly all of the company's sales are in China, with the small amount of remaining revenue coming from France and Spain.

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