China Renaissance Holdings (HKSE:01911) COGS-to-Revenue : 0.57 (As of Jun. 2023)

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What is China Renaissance Holdings COGS-to-Revenue?

China Renaissance Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$426.1 Mil. Its Revenue for the six months ended in Jun. 2023 was HK$753.7 Mil.

China Renaissance Holdings's COGS to Revenue for the six months ended in Jun. 2023 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Renaissance Holdings's Gross Margin % for the six months ended in Jun. 2023 was 43.47%.

China Renaissance Holdings COGS-to-Revenue Historical Data

The historical data trend for China Renaissance Holdings'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 Renaissance Holdings COGS-to-Revenue Chart

China Renaissance Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.54

0.56

0.64

0.42

China Renaissance Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial									0.60	0.40	0.46	0.67	0.57

China Renaissance Holdings COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	0	/	0
	=

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	426.084	/	753.698
	=	0.57

China Renaissance Holdings (HKSE:01911) COGS-to-Revenue Explanation

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

China Renaissance Holdings'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	-	426.084 / 753.698
	=	43.47 %

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 Renaissance Holdings (HKSE:01911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China Renaissance Holdings Ltd (HKSE:01911) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CSCHF:USA

Address

No.2A Workers’ Stadium North Road, Pacific Century Place, Gate 1, Space 8, Chaoyang District, Beijing, CHN, 100027

Website

http://www.huaxing.com

China Renaissance Holdings Ltd is an investment banking and investment management company that combines private placement advisory, Merger and Acquisition advisory, securities underwriting, research, sales and trading, investment management, and other financial services. Its segments include Investment Banking, Investment Management, CR Securities, and Others. The company generates maximum revenue from the Investment Management segment.

Executives

Bao Fan
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Infiniti Trust (hong Kong) Limited	2301 Trustee
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China Renaissance Holdings (HKSE:01911) Headlines

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