Qingmu Digital Technology Co (SZSE:301110) COGS-to-Revenue : 0.51 (As of Mar. 2024)

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What is Qingmu Digital Technology Co COGS-to-Revenue?

Qingmu Digital Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥116.0 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥226.3 Mil.

Qingmu Digital Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.51.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qingmu Digital Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 48.76%.

Qingmu Digital Technology Co COGS-to-Revenue Historical Data

The historical data trend for Qingmu Digital 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.

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Qingmu Digital Technology Co COGS-to-Revenue Chart

Qingmu Digital Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.56

0.52

0.53

0.59

0.58

Qingmu Digital Technology 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															0.62	0.52	0.70	0.52	0.51

Qingmu Digital Technology Co COGS-to-Revenue Calculation

Qingmu Digital 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
	=	561.924	/	967.446
	=	0.58

Qingmu Digital 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
	=	115.965	/	226.324
	=	0.51

Qingmu Digital Technology Co (SZSE:301110) COGS-to-Revenue Explanation

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

Qingmu Digital 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	-	115.965 / 226.324
	=	48.76 %

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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Qingmu Digital Technology Co (SZSE:301110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qingmu Digital Technology Co Ltd (SZSE:301110) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 001, No. 32, Donghai Street South, Fenghe Jiangbei Village, Haizhu District, Guangdong Province, Guangzhou, CHN, 510310

Website

https://www.qingmutec.com

Qingmu Digital Technology Co Ltd is involved in the E-commerce sales services, brand digital marketing, technology solutions and consumer operation services.

Qingmu Digital Technology Co (SZSE:301110) Headlines

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