Maanshan Iron And Steel Co (FRA:YM9A) COGS-to-Revenue

: 0.97 (As of Dec. 2023)

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Maanshan Iron And Steel Co's Cost of Goods Sold for the three months ended in Dec. 2023 was €3,112 Mil. Its Revenue for the three months ended in Dec. 2023 was €3,213 Mil.

Maanshan Iron And Steel Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Maanshan Iron And Steel Co's Gross Margin % for the three months ended in Dec. 2023 was 3.14%.

Maanshan Iron And Steel Co COGS-to-Revenue Historical Data

The historical data trend for Maanshan Iron And Steel 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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Maanshan Iron And Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.91

0.90

0.97

0.98

Maanshan Iron And Steel Co 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															1.01	1.00	1.02	0.94	0.97

Maanshan Iron And Steel Co COGS-to-Revenue Calculation

Maanshan Iron And Steel 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
	=	12497.068	/	12706.383
	=	0.98

Maanshan Iron And Steel Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3112.37	/	3213.39
	=	0.97

Maanshan Iron And Steel Co (FRA:YM9A) COGS-to-Revenue Explanation

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

Maanshan Iron And Steel Co'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	-	3112.37 / 3213.39
	=	3.14 %

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.

Maanshan Iron And Steel Co COGS-to-Revenue Related Terms

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Maanshan Iron And Steel Co (FRA:YM9A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maanshan Iron And Steel Co Ltd (FRA:YM9A) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

MAANF:USA 00323:Hong Kong 600808:China

Address

No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003

Website

https://www.magang.com.hk

Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It has two segments. Production and sale of iron and steel products and related by-products, and Financial service. The company's principal product is steel, which is categorized into steel plates, section steel, wire rods, and train wheels. Thin plate products are further categorized into hot and rolled plates, galvanized plates, and coil-coating plates. The products in the wire rod category comprise wire rod materials and hot-rolled reinforced steel used in armored concrete. The Train wheel category includes train wheels and wheel rims.

Maanshan Iron And Steel Co (FRA:YM9A) Headlines

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