Ares Asia (HKSE:00645) COGS-to-Revenue : 0.98 (As of Sep. 2024)

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What is Ares Asia COGS-to-Revenue?

Ares Asia's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$25.3 Mil. Its Revenue for the six months ended in Sep. 2024 was HK$25.8 Mil.

Ares Asia's COGS to Revenue for the six months ended in Sep. 2024 was 0.98.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ares Asia's Gross Margin % for the six months ended in Sep. 2024 was 2.29%.

Ares Asia COGS-to-Revenue Historical Data

The historical data trend for Ares Asia'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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Ares Asia COGS-to-Revenue Chart

Ares Asia Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

COGS-to-Revenue

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0.99

1.00

0.98

1.00

Ares Asia Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.97	0.98	0.99	1.00	0.98

Ares Asia COGS-to-Revenue Calculation

Ares Asia's COGS to Revenue for the fiscal year that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	548.009	/	550.598
	=	1.00

Ares Asia's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25.251	/	25.843
	=	0.98

Ares Asia (HKSE:00645) COGS-to-Revenue Explanation

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

Ares Asia's Gross Margin % for the six months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	25.251 / 25.843
	=	2.29 %

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.

Ares Asia COGS-to-Revenue Related Terms

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Ares Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

Executives

Reignwood International Holdings Company Limited	2101 Beneficial owner
Ruayrungruang Chanchai	2201 Interest of corporation controlled by you

Ares Asia Headlines

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