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MeiG Smart Technology Co (SZSE:002881) COGS-to-Revenue : 0.84 (As of Mar. 2024)


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What is MeiG Smart Technology Co COGS-to-Revenue?

MeiG Smart Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥484 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥574 Mil.

MeiG Smart Technology Co'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. MeiG Smart Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 15.69%.

MeiG Smart Technology Co COGS-to-Revenue Historical Data

The historical data trend for MeiG Smart 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.

MeiG Smart Technology Co COGS-to-Revenue Chart

MeiG Smart 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 0.80 0.79 0.81 0.82 0.81

MeiG Smart 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 0.77 0.81 0.83 0.81 0.84

MeiG Smart Technology Co COGS-to-Revenue Calculation

MeiG Smart 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
=1735.982 / 2147.336
=0.81

MeiG Smart 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
=484.348 / 574.455
=0.84

* 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.

MeiG Smart Technology Co  (SZSE:002881) COGS-to-Revenue Explanation

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

MeiG Smart 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 - 484.348 / 574.455
=15.69 %

* 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.

MeiG Smart Technology Co COGS-to-Revenue Related Terms

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MeiG Smart Technology Co (SZSE:002881) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » COGS-to-Revenue
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SZSE:000851 SZSE:300570 SZSE:301191 SHSE:603118 SZSE:300098 SZSE:002194 SZSE:002792 SHSE:600105 SZSE:002935 SZSE:300183 CSCO MSI SHSE:601138 HPE OHEL:NOKIA SZSE:000063 SHSE:688036 OSTO:ERIC B ZBRA TPE:2345
Traded in Other Exchanges
N/A
Address
No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103
Website
http://www.meigsmart.com
MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.
Executives
Ning Huan Supervisors
Ning Jian Supervisors
Chen Yue Liang Secretary, Director

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