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Henan Hengxing Science & Technology Co (SZSE:002132) COGS-to-Revenue : 0.91 (As of Mar. 2024)


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What is Henan Hengxing Science & Technology Co COGS-to-Revenue?

Henan Hengxing Science & Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,028 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,126 Mil.

Henan Hengxing Science & Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Henan Hengxing Science & Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 8.73%.

Henan Hengxing Science & Technology Co COGS-to-Revenue Historical Data

The historical data trend for Henan Hengxing Science & Technology 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.

* Premium members only.

Henan Hengxing Science & Technology Co COGS-to-Revenue Chart

Henan Hengxing Science & Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.87 0.86 0.86 0.90

Henan Hengxing Science & Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.90 0.88 0.91 0.91

Henan Hengxing Science & Technology Co COGS-to-Revenue Calculation

Henan Hengxing Science & Technology 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
=4108.783 / 4577.327
=0.90

Henan Hengxing Science & Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1027.806 / 1126.087
=0.91

* 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.

Henan Hengxing Science & Technology Co  (SZSE:002132) COGS-to-Revenue Explanation

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

Henan Hengxing Science & Technology 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 - 1027.806 / 1126.087
=8.73 %

* 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.

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.

Henan Hengxing Science & Technology Co COGS-to-Revenue Related Terms

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Henan Hengxing Science & Technology Co (SZSE:002132) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Henan Hengxing Science & Technology Co Ltd (SZSE:002132) » Definitions » COGS-to-Revenue
Comparable Companies
SHSE:605158 SHSE:600784 SHSE:603315 SZSE:002443 SHSE:600992 SZSE:300881 SZSE:300421 SZSE:000926 SZSE:002418 SHSE:688186 NUE BOM:500228 NSE:TATASTEEL SHSE:600019 XKRX:005490 STLD XAMS:MT TSE:5401 MIC:CHMF RS
Traded in Other Exchanges
N/A
Address
No. 121 Yiluo North Road, Gongyi, Henan, CHN, 451251
Website
http://www.hengxingchinese.com
Henan Hengxing Science & Technology Co Ltd is engaged in the production of steel in China. The company mainly produces steel cords, hose steel wires, ultra-fine steel wires, galvanized and alloy coated steel wires, steel strands and PC steel strands for radial tires. Its products are widely used in automobile tires, rubber hoses, power cables, overhead power lines, high-speed railways, ports, and silicon wafer cutting for photovoltaic solar energy.
Executives
Li Ming Directors, executives
Xu Hui Jing Directors, executives
Xie Bao Wan Director
Xie Bao Jian Executives
Zhang Yun Hong Directors, executives
Xie Xiao Long Directors, executives
Xie Jin Bao Executives
Zhao Wen Juan Directors, executives
Bai Zhong Xiang Independent director
Xie Bao Jun Director
Chen Bing Zhang Director
Tan Shi Hong Supervisors
Li Bao Jie Executives
Jiao Yao Zhong Directors, executives
Xie Fu Qiang Director

Henan Hengxing Science & Technology Co (SZSE:002132) Headlines

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