Sands China (HKSE:01928) COGS-to-Revenue : 0.41 (As of Dec. 2023)

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What is Sands China COGS-to-Revenue?

Sands China's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$11,605 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$28,420 Mil.

Sands China's COGS to Revenue for the six months ended in Dec. 2023 was 0.41.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sands China's Gross Margin % for the six months ended in Dec. 2023 was 59.16%.

Sands China COGS-to-Revenue Historical Data

The historical data trend for Sands China'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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Sands China COGS-to-Revenue Chart

Sands China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.41

0.40

0.38

0.35

0.40

Sands China Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.38	0.35	0.36	0.38	0.41

Sands China COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	20258.621	/	51029.233
	=	0.40

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11605.363	/	28419.862
	=	0.41

Sands China (HKSE:01928) COGS-to-Revenue Explanation

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

Sands China's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	11605.363 / 28419.862
	=	59.16 %

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.

Sands China COGS-to-Revenue Related Terms

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Sands China (HKSE:01928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sands China Ltd (HKSE:01928) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SCHYY:USA SCHYF:USA 599A:Germany 599A:Germany

Address

Estrada da Baia de Nossa Senhora da Esperanca, The Venetian Macao, Executive Offices, L2, Taipa, MAC

Website

https://www.sandschina.com

Sands China operates integrated resorts and casinos in Macao. Its properties include Sands Macao, the Venetian Macao, the Plaza Macao, the Londoner, and the Parisian Macao. It has about 24% market share in the Macao gaming sector in terms of gross gaming revenue as of the prepandemic 2019 levels. Las Vegas Sands has a 70% stake in Sands China.

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