Haosen Fintech Group (HKSE:03848) COGS-to-Revenue : 0.20 (As of Dec. 2023)

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What is Haosen Fintech Group COGS-to-Revenue?

Haosen Fintech Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$12.9 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$63.7 Mil.

Haosen Fintech Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.20.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Haosen Fintech Group's Gross Margin % for the six months ended in Dec. 2023 was 79.81%.

Haosen Fintech Group COGS-to-Revenue Historical Data

The historical data trend for Haosen Fintech 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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Haosen Fintech Group COGS-to-Revenue Chart

Haosen Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.12

0.18

0.36

0.34

0.25

Haosen Fintech Group Semi-Annual Data
	Dec14	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													0.49	0.37	0.31	0.30	0.20

Haosen Fintech Group COGS-to-Revenue Calculation

Haosen Fintech Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30.804	/	124.005
	=	0.25

Haosen Fintech Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12.868	/	63.739
	=	0.20

Haosen Fintech Group (HKSE:03848) COGS-to-Revenue Explanation

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

Haosen Fintech Group'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	-	12.868 / 63.739
	=	79.81 %

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.

Haosen Fintech Group COGS-to-Revenue Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Executives

Wealthy Rise Investment Limited	2201 Interest of corporation controlled by you
Zhong Guo Jin Chu Kou Yin Hang	2106 Person having a security interest in shares
Lin Yihong	2201 Interest of corporation controlled by you
Lo Wai Ho	2201 Interest of corporation controlled by you

Haosen Fintech Group (HKSE:03848) Headlines

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