China Evergrande Group (China Evergrande Group) COGS-to-Revenue : 0.92 (As of Jun. 2023)

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What is China Evergrande Group COGS-to-Revenue?

China Evergrande Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $16,531 Mil. Its Revenue for the six months ended in Jun. 2023 was $17,899 Mil.

China Evergrande Group's COGS to Revenue for the six months ended in Jun. 2023 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Evergrande Group's Gross Margin % for the six months ended in Jun. 2023 was 7.64%.

China Evergrande Group COGS-to-Revenue Historical Data

The historical data trend for China Evergrande Group'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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China Evergrande Group COGS-to-Revenue Chart

China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.64

0.72

0.76

1.07

0.89

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.87	2.73	0.92	0.87	0.92

China Evergrande Group COGS-to-Revenue Calculation

China Evergrande Group's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	29416.068	/	33000.129
	=	0.89

China Evergrande Group's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	16530.986	/	17898.875
	=	0.92

China Evergrande Group (OTCPK:EGRNF) COGS-to-Revenue Explanation

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

China Evergrande Group's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	16530.986 / 17898.875
	=	7.64 %

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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China Evergrande Group (China Evergrande Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Evergrande Group (OTCPK:EGRNF) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

03333:Hong Kong EV1:Germany

Address

Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.evergrande.com

China Evergrande Group is a large real estate developer. In 2019, it was ranked in third place by sales value among developers in China. It has projects in more than 200 cities across China and property development accounts for 90% of earnings. The firm also has interests in banking, insurance, tourism, and healthcare. Evergrande was listed in Hong Kong in late 2009. The company is in the process of spinning off its real estate business into a Shenzhen-listed entity. Free float is 25%, with the company's founder Hui Ka Yan holding the remaining share.