ReneSola (XSWX:RESOL1) COGS-to-Revenue : 0.92 (As of Dec. 2023)

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What is ReneSola COGS-to-Revenue?

ReneSola's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF35.16 Mil. Its Revenue for the three months ended in Dec. 2023 was CHF38.05 Mil.

ReneSola's COGS to Revenue for the three months ended in Dec. 2023 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ReneSola's Gross Margin % for the three months ended in Dec. 2023 was 7.60%.

ReneSola COGS-to-Revenue Historical Data

The historical data trend for ReneSola'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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ReneSola COGS-to-Revenue Chart

ReneSola Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.71

0.77

0.61

0.75

0.78

ReneSola Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.77	0.88	0.63	0.59	0.92

ReneSola COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	70.383	/	90.519
	=	0.78

ReneSola's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	35.16	/	38.051
	=	0.92

ReneSola (XSWX:RESOL1) COGS-to-Revenue Explanation

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

ReneSola's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	35.16 / 38.051
	=	7.60 %

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.

ReneSola COGS-to-Revenue Related Terms

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ReneSola (XSWX:RESOL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ReneSola Ltd (XSWX:RESOL1) » Definitions » COGS-to-Revenue

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Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

ReneSola (XSWX:RESOL1) Headlines

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