Henderson Investment (HKSE:00097) Cost of Goods Sold

: HK$1,482 Mil (TTM As of Jun. 2023)

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Henderson Investment's cost of goods sold for the six months ended in Jun. 2023 was HK$746 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2023 was HK$1,482 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Henderson Investment's Gross Margin % for the six months ended in Jun. 2023 was 6.28%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Henderson Investment's Inventory Turnover for the six months ended in Jun. 2023 was 5.78.

Henderson Investment Cost of Goods Sold Historical Data

The historical data trend for Henderson Investment's Cost of Goods Sold 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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Henderson Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

1,464.00

1,581.00

1,582.00

1,623.00

1,482.00

Henderson Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cost of Goods Sold																787.00	831.00	792.00	746.00	736.00

Henderson Investment Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$1,482 Mil.

Henderson Investment (HKSE:00097) Cost of Goods Sold Explanation

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

Henderson Investment's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(796	-	746)	/	796
	=	6.28 %

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.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Henderson Investment's Inventory Turnover for the six months ended in Jun. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	746	/	129
	=	5.78

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Henderson Investment Cost of Goods Sold Related Terms

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Henderson Investment (HKSE:00097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Henderson Investment Ltd (HKSE:00097) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

HDVTY:USA

Address

8 Finance Street, 72-76th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

https://www.hilhk.com

Henderson Investment Ltd is a Hong Kong-based investment holding company engaged in the operation and management of department stores, household specialty stores and supermarket-cum-stores operations. The company operates Citistore department stores, such as specialty stores and needle and line specialty stores. The company generates revenue from the sale of goods from its departmental and specialty stores. The company generates majority of its revenue in Hong Kong.

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