Tiangong International Co (HKSE:00826) COGS-to-Revenue : 0.78 (As of Dec. 2023)

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What is Tiangong International Co COGS-to-Revenue?

Tiangong International Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,289 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$2,917 Mil.

Tiangong International Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tiangong International Co's Gross Margin % for the six months ended in Dec. 2023 was 21.52%.

Tiangong International Co COGS-to-Revenue Historical Data

The historical data trend for Tiangong International 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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Tiangong International Co COGS-to-Revenue Chart

Tiangong International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.77

0.76

0.77

0.78

Tiangong International Co 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															0.76	0.75	0.79	0.77	0.78

Tiangong International Co COGS-to-Revenue Calculation

Tiangong International 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
	=	4396.906	/	5647.515
	=	0.78

Tiangong International Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2289.359	/	2916.993
	=	0.78

Tiangong International Co (HKSE:00826) COGS-to-Revenue Explanation

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

Tiangong International Co'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	-	2289.359 / 2916.993
	=	21.52 %

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.

Tiangong International Co COGS-to-Revenue Related Terms

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Tiangong International Co (HKSE:00826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tiangong International Co Ltd (HKSE:00826) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

34T1:Germany

Address

Houxiang Town, Jiangsu Province, Danyang City, CHN, 212312

Website

http://www.tggj.cn

Tiangong International Co Ltd is engaged in the manufacturing and sales of high alloy steel, cutting tools, titanium alloy, trading of goods and others. The reportable segments of the company are, 1) The DS segment manufactures and sells materials that are used in the die set manufacturing industry. 2) The HSS segment manufactures and sells materials that are used in the tools manufacturing industry. 3) The cutting tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry. 4) The titanium alloy segment manufactures and sells titanium alloys to the titanium industry. 5) The trading of goods segment sells general carbon steel products that are not within the Group's production scope. 6) Others segment assembles and sells power tools kits.

Executives

Yu Yumei
Zhu Xiaokun
Tiangong Holdings Company Limited
Niu Qiu Ping
Zhu Zefeng
Sky Greenfield Investment Limited

Tiangong International Co (HKSE:00826) Headlines

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