OKE Precision Cutting Tools Co (SHSE:688308) COGS-to-Revenue : 0.75 (As of Mar. 2024)

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What is OKE Precision Cutting Tools Co COGS-to-Revenue?

OKE Precision Cutting Tools Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥198 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥264 Mil.

OKE Precision Cutting Tools Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. OKE Precision Cutting Tools Co's Gross Margin % for the three months ended in Mar. 2024 was 25.09%.

OKE Precision Cutting Tools Co COGS-to-Revenue Historical Data

The historical data trend for OKE Precision Cutting Tools 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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OKE Precision Cutting Tools Co COGS-to-Revenue Chart

OKE Precision Cutting Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.68

0.69

0.66

0.63

0.71

OKE Precision Cutting Tools Co Quarterly Data
	Jun19	Sep19	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															0.68	0.67	0.68	0.82	0.75

OKE Precision Cutting Tools Co COGS-to-Revenue Calculation

OKE Precision Cutting Tools 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
	=	725.485	/	1026.461
	=	0.71

OKE Precision Cutting Tools Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	197.69	/	263.888
	=	0.75

OKE Precision Cutting Tools Co (SHSE:688308) COGS-to-Revenue Explanation

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

OKE Precision Cutting Tools 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	-	197.69 / 263.888
	=	25.09 %

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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OKE Precision Cutting Tools Co (SHSE:688308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKE Precision Cutting Tools Co Ltd (SHSE:688308) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Chuangye 4th Road, Small and Medium Enterprise Pioneer Park, Hunan Province. Lusong District, Yanling County, Zhuzhou, CHN, 412500

Website

http://www.oke-carbide.com

OKE Precision Cutting Tools Co Ltd is involved in the research and development, production and sales of cemented carbide products and CNC tool products. It offers CNC tool, carbide serrated blade, carbide disc and other cemented and carbide products.

Executives

Tan Wen Qing	Director
Su Zhen Hua	Director
Liang Bao Yu	Director
Han Hong Tao	Director
Yuan Mei He	Director

OKE Precision Cutting Tools Co (SHSE:688308) Headlines

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