Sinosoft Technology Group (HKSE:01297) COGS-to-Revenue : 0.76 (As of Jun. 2023)

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What is Sinosoft Technology Group COGS-to-Revenue?

Sinosoft Technology Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$119.1 Mil. Its Revenue for the six months ended in Jun. 2023 was HK$157.0 Mil.

Sinosoft Technology Group's COGS to Revenue for the six months ended in Jun. 2023 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sinosoft Technology Group's Gross Margin % for the six months ended in Jun. 2023 was 24.17%.

Sinosoft Technology Group COGS-to-Revenue Historical Data

The historical data trend for Sinosoft Technology 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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Sinosoft Technology Group COGS-to-Revenue Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.38

0.40

0.55

0.68

0.73

Sinosoft Technology 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															0.70	0.67	0.65	0.78	0.76

Sinosoft Technology Group COGS-to-Revenue Calculation

Sinosoft Technology 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
	=	467.957	/	638.955
	=	0.73

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	119.059	/	157.015
	=	0.76

Sinosoft Technology Group (HKSE:01297) COGS-to-Revenue Explanation

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

Sinosoft Technology 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	-	119.059 / 157.015
	=	24.17 %

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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Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

Executives

Xin Yingmei	2201 Interest of corporation controlled by you
Long Capital International Limited	2101 Beneficial owner
Telewise Group Limited	2101 Beneficial owner

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