Wellhope Foods Co (SHSE:603609) COGS-to-Revenue : 0.95 (As of Mar. 2024)

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What is Wellhope Foods Co COGS-to-Revenue?

Wellhope Foods Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,892 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥7,222 Mil.

Wellhope Foods Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.95.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wellhope Foods Co's Gross Margin % for the three months ended in Mar. 2024 was 4.56%.

Wellhope Foods Co COGS-to-Revenue Historical Data

The historical data trend for Wellhope Foods 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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Wellhope Foods Co COGS-to-Revenue Chart

Wellhope Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.89

0.91

0.95

0.94

0.96

Wellhope Foods 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	0.95	0.95	0.99	0.95

Wellhope Foods Co COGS-to-Revenue Calculation

Wellhope Foods 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
	=	34540.124	/	35970.262
	=	0.96

Wellhope Foods Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6892.337	/	7221.755
	=	0.95

Wellhope Foods Co (SHSE:603609) COGS-to-Revenue Explanation

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

Wellhope Foods 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	-	6892.337 / 7221.755
	=	4.56 %

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.

Wellhope Foods Co COGS-to-Revenue Related Terms

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Wellhope Foods Co (SHSE:603609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellhope Foods Co Ltd (SHSE:603609) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 169, Huishan Street, Shenbei New District, Liaoning Province, Shenyang, CHN, 110164

Website

http://www.wellhope-ag.com

Wellhope Foods Co Ltd is an animal husbandry company. The company's primary businesses include animal feed, feed raw materials trade, broiler integration, and swine trading. It is also involved in veterinary drugs, farming equipment manufacturing, pet clinic, etc. The company generates maximum revenue from feed products followed by broiler integration and raw materials trade. Its feed product line includes premix feed, concentrated feed, and compound feed.

Wellhope Foods Co (SHSE:603609) Headlines

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