Juneyao Airlines Co (SHSE:603885) COGS-to-Revenue : 1.04 (As of Dec. 2023)

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What is Juneyao Airlines Co COGS-to-Revenue?

Juneyao Airlines Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥4,384 Mil. Its Revenue for the three months ended in Dec. 2023 was ¥4,216 Mil.

Juneyao Airlines Co's COGS to Revenue for the three months ended in Dec. 2023 was 1.04.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Juneyao Airlines Co's Gross Margin % for the three months ended in Dec. 2023 was -3.99%.

Juneyao Airlines Co COGS-to-Revenue Historical Data

The historical data trend for Juneyao Airlines 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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Juneyao Airlines Co COGS-to-Revenue Chart

Juneyao Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

1.02

1.00

1.36

0.86

Juneyao Airlines 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															1.65	0.88	0.85	0.72	1.04

Juneyao Airlines Co COGS-to-Revenue Calculation

Juneyao Airlines 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
	=	17212.154	/	20095.672
	=	0.86

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4384.206	/	4215.897
	=	1.04

Juneyao Airlines Co (SHSE:603885) COGS-to-Revenue Explanation

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

Juneyao Airlines 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	-	4384.206 / 4215.897
	=	-3.99 %

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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Juneyao Airlines Co (SHSE:603885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Juneyao Airlines Co Ltd (SHSE:603885) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

No. 8 Kangqiao East Road, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201310

Website

http://www.juneyaoair.com

Juneyao Airlines Co Ltd is a China-based company engaged in operating domestic air transport of passenger, cargo, and mail, business and tourist charter, as well as flights to Hong Kong, Macao, and neighboring countries.

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