Fujian Longxi Bearing Group Co (SHSE:600592) COGS-to-Revenue : 0.78 (As of Sep. 2023)

Fujian Longxi Bearing Group Co COGS-to-Revenue Chart

Fujian Longxi Bearing Group Co Annual Data
	Trend	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
COGS-to-Revenue		Get a 7-Day Free Trial					0.72	0.75	0.74	0.74	0.76

Fujian Longxi Bearing Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.77	0.79	0.74	0.78	0.78

Fujian Longxi Bearing Group Co COGS-to-Revenue Calculation

Fujian Longxi Bearing Group Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

Fujian Longxi Bearing Group Co's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

* 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.

Fujian Longxi Bearing Group Co  (SHSE:600592) COGS-to-Revenue Explanation

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

Fujian Longxi Bearing Group Co's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

* 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.

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.

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Fujian Longxi Bearing Group Co (SHSE:600592) Business Description