Zhejiang Mustang Battery Co (SHSE:605378) COGS-to-Revenue : 0.79 (As of Mar. 2024)

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What is Zhejiang Mustang Battery Co COGS-to-Revenue?

Zhejiang Mustang Battery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥170 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥215 Mil.

Zhejiang Mustang Battery Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhejiang Mustang Battery Co's Gross Margin % for the three months ended in Mar. 2024 was 21.09%.

Zhejiang Mustang Battery Co COGS-to-Revenue Historical Data

The historical data trend for Zhejiang Mustang Battery 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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Zhejiang Mustang Battery Co COGS-to-Revenue Chart

Zhejiang Mustang Battery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.75

0.76

0.84

0.83

0.80

Zhejiang Mustang Battery Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.83	0.81	0.79	0.79	0.79

Zhejiang Mustang Battery Co COGS-to-Revenue Calculation

Zhejiang Mustang Battery 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
	=	797.433	/	996.862
	=	0.80

Zhejiang Mustang Battery Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	169.844	/	215.234
	=	0.79

Zhejiang Mustang Battery Co (SHSE:605378) COGS-to-Revenue Explanation

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

Zhejiang Mustang Battery Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	169.844 / 215.234
	=	21.09 %

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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Zhejiang Mustang Battery Co (SHSE:605378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Mustang Battery Co Ltd (SHSE:605378) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

818 Rongji Road, Luotuo Street, Zhenhai District, Zhejiang Province, Ningbo, CHN, 315202

Website

http://www.mustangbattery.com

Zhejiang Mustang Battery Co Ltd is engaged in the research and development, production and sales of high-performance, environmentally friendly zinc-manganese batteries.

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