Shanghai Jinfeng Wine Co (SHSE:600616) COGS-to-Revenue : 0.59 (As of Dec. 2023)

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What is Shanghai Jinfeng Wine Co COGS-to-Revenue?

Shanghai Jinfeng Wine Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥124.5 Mil. Its Revenue for the three months ended in Dec. 2023 was ¥212.4 Mil.

Shanghai Jinfeng Wine Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.59.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai Jinfeng Wine Co's Gross Margin % for the three months ended in Dec. 2023 was 41.37%.

Shanghai Jinfeng Wine Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai Jinfeng Wine 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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Shanghai Jinfeng Wine Co COGS-to-Revenue Chart

Shanghai Jinfeng Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.51

0.58

0.57

0.58

0.59

Shanghai Jinfeng Wine Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.48	0.62	0.67	0.53	0.59

Shanghai Jinfeng Wine Co COGS-to-Revenue Calculation

Shanghai Jinfeng Wine 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
	=	338.653	/	572.813
	=	0.59

Shanghai Jinfeng Wine Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	124.531	/	212.387
	=	0.59

Shanghai Jinfeng Wine Co (SHSE:600616) COGS-to-Revenue Explanation

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

Shanghai Jinfeng Wine Co's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	124.531 / 212.387
	=	41.37 %

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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Shanghai Jinfeng Wine Co (SHSE:600616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Shanghai Jinfeng Wine Co Ltd (SHSE:600616) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 579 Zhangyang Road, Sanxin Building, Pudong, Shanghai, Shanghai, CHN, 200120

Website

http://www.jinfengwine.com

Shanghai Jinfeng Wine Co Ltd is a China-based company. It is principally engaged in the production and sales of rice wine products. The company is also engaged in the production and sales of wine and cooking wine. The company mainly distributes its products under the Shikumen brand.

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