Li Ning Co (Li Ning Co) COGS-to-Revenue : 0.52 (As of Dec. 2023)

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What is Li Ning Co COGS-to-Revenue?

Li Ning Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $990 Mil. Its Revenue for the six months ended in Dec. 2023 was $1,902 Mil.

Li Ning Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Li Ning Co's Gross Margin % for the six months ended in Dec. 2023 was 47.96%.

Li Ning Co COGS-to-Revenue Historical Data

The historical data trend for Li Ning 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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Li Ning Co COGS-to-Revenue Chart

Li Ning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.51

0.47

0.52

Li Ning Co 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															0.49	0.50	0.53	0.51	0.52

Li Ning Co COGS-to-Revenue Calculation

Li Ning 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
	=	1995.244	/	3865.227
	=	0.52

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	989.644	/	1901.844
	=	0.52

Li Ning Co (OTCPK:LNNGY) COGS-to-Revenue Explanation

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

Li Ning Co'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	-	989.644 / 1901.844
	=	47.96 %

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.

Li Ning Co COGS-to-Revenue Related Terms

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Li Ning Co (Li Ning Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Li Ning Co Ltd (OTCPK:LNNGY) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

LNNGF:USA 02331:Hong Kong LNLB:Germany

Address

No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111

Website

https://www.lining.com

Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

Li Ning Co (Li Ning Co) Headlines

From GuruFocus

Matthews China Fund Comments on Li Ning Co Ltd

By Vera Yuan Vera Yuan • 10-20-2014