Ningbo United Group Co (SHSE:600051) COGS-to-Revenue : 0.82 (As of Mar. 2024)

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What is Ningbo United Group Co COGS-to-Revenue?

Ningbo United Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥164 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥200 Mil.

Ningbo United Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ningbo United Group Co's Gross Margin % for the three months ended in Mar. 2024 was 17.75%.

Ningbo United Group Co COGS-to-Revenue Historical Data

The historical data trend for Ningbo United Group 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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Ningbo United Group Co COGS-to-Revenue Chart

Ningbo United Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.83

0.74

0.81

0.89

0.85

Ningbo United Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.95	0.78	0.87	0.74	0.82

Ningbo United Group Co COGS-to-Revenue Calculation

Ningbo United Group 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
	=	1506.205	/	1763.109
	=	0.85

Ningbo United Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	164.111	/	199.523
	=	0.82

Ningbo United Group Co (SHSE:600051) COGS-to-Revenue Explanation

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

Ningbo United Group Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	164.111 / 199.523
	=	17.75 %

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.

Ningbo United Group Co COGS-to-Revenue Related Terms

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Ningbo United Group Co (SHSE:600051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Ningbo United Group Co Ltd (SHSE:600051) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

United Building No. 1 Donghai Road, Economic Development Zone, Zhejiang Province, Ningbo, CHN, 315803

Website

http://www.nug.com.cn

Ningbo United Group Co Ltd is engaged in the development, manufacturing of energy, transportation, communications, municipal infrastructure, environmental protection equipment, instruments, general machinery, and electrical products.

Ningbo United Group Co (SHSE:600051) Headlines

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