Hilong Holding (HKSE:01623) COGS-to-Revenue : 0.69 (As of Jun. 2023)

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What is Hilong Holding COGS-to-Revenue?

Hilong Holding's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$1,580 Mil. Its Revenue for the six months ended in Jun. 2023 was HK$2,304 Mil.

Hilong Holding's COGS to Revenue for the six months ended in Jun. 2023 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hilong Holding's Gross Margin % for the six months ended in Jun. 2023 was 31.40%.

Hilong Holding COGS-to-Revenue Historical Data

The historical data trend for Hilong Holding'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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Hilong Holding COGS-to-Revenue Chart

Hilong Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.68

0.74

0.69

0.71

Hilong Holding 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															0.73	0.65	0.73	0.70	0.69

Hilong Holding COGS-to-Revenue Calculation

Hilong Holding's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2980.689	/	4172.133
	=	0.71

Hilong Holding's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1580.438	/	2303.933
	=	0.69

Hilong Holding (HKSE:01623) COGS-to-Revenue Explanation

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

Hilong Holding'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	-	1580.438 / 2303.933
	=	31.40 %

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.

Hilong Holding COGS-to-Revenue Related Terms

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Hilong Holding (HKSE:01623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hilong Holding Ltd (HKSE:01623) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HLONF:USA 8HL:Germany

Address

No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, CHN, 200949

Website

http://www.hilonggroup.com

Hilong Holding Ltd manufactures and distributes oil and gas drilling equipment and coating materials, and provisions coating, oilfield, and offshore engineering services. Its segments include Oilfield equipment manufacturing and services including the production of oilfield equipment and provision of OCTG coating services; Line pipe technology and services including the provision of services related to oil and gas pipelines and production of coating materials for anti-corrosive and anti-friction purposes; Oilfield services including the provision of well drilling services, integrated comprehensive services, OCTG trading and related services to oil and gas producers; and Offshore engineering services includes the provision of offshore engineering services and offshore design services.

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