China Southern Airlines Co (FRA:ZNH) COGS-to-Revenue : 0.89 (As of Mar. 2024)

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What is China Southern Airlines Co COGS-to-Revenue?

China Southern Airlines Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €5,075 Mil. Its Revenue for the three months ended in Mar. 2024 was €5,698 Mil.

China Southern Airlines Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Southern Airlines Co's Gross Margin % for the three months ended in Mar. 2024 was 10.93%.

China Southern Airlines Co COGS-to-Revenue Historical Data

The historical data trend for China Southern Airlines 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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China Southern Airlines Co COGS-to-Revenue Chart

China Southern Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.88

1.03

1.22

0.92

China Southern Airlines 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															0.98	0.89	0.83	1.02	0.89

China Southern Airlines Co COGS-to-Revenue Calculation

China Southern Airlines 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
	=	18953.628	/	20539.326
	=	0.92

China Southern Airlines Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5074.915	/	5697.83
	=	0.89

China Southern Airlines Co (FRA:ZNH) COGS-to-Revenue Explanation

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

China Southern Airlines 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	-	5074.915 / 5697.83
	=	10.93 %

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 Southern Airlines Co (FRA:ZNH) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Southern Airlines Co Ltd (FRA:ZNH) » Definitions » COGS-to-Revenue

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CHKIF:USA 01055:Hong Kong ZNHH:Germany ZNHH:Germany 600029:China

Address

68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403

Website

https://www.csair.com

China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

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