Changzhou Nrb (SZSE:002708) COGS-to-Revenue : 0.84 (As of Mar. 2024)

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What is Changzhou Nrb COGS-to-Revenue?

Changzhou Nrb's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥477 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥570 Mil.

Changzhou Nrb's COGS to Revenue for the three months ended in Mar. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Changzhou Nrb's Gross Margin % for the three months ended in Mar. 2024 was 16.28%.

Changzhou Nrb COGS-to-Revenue Historical Data

The historical data trend for Changzhou Nrb'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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Changzhou Nrb COGS-to-Revenue Chart

Changzhou Nrb Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.87

0.97

0.90

Changzhou Nrb 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															0.93	0.88	0.91	0.90	0.84

Changzhou Nrb COGS-to-Revenue Calculation

Changzhou Nrb's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1648.112	/	1823.075
	=	0.90

Changzhou Nrb's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	477.051	/	569.817
	=	0.84

Changzhou Nrb (SZSE:002708) COGS-to-Revenue Explanation

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

Changzhou Nrb'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	-	477.051 / 569.817
	=	16.28 %

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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Changzhou Nrb (SZSE:002708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Nrb Corp (SZSE:002708) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.nrb.com.cn

Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Executives

Cheng Shang Nan	Director
Zhang Jian Gang	Executives
Weng Jun	Executives
Wu Chao Yang	Directors, executives
Zheng Wei Qiang	Directors, Directors, and Executives
Li Shu Hua	Director
Huang Xing Hua	Executives
Shen Ya Jun	Executives
Yao Jian Ping	Supervisors
Xu Jian Feng	Supervisors
Cheng Shang Bai	Directors, executives
Cheng Xiao Su	Director

Changzhou Nrb (SZSE:002708) Headlines

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