Rayitek Hi-Tech Film Co (SHSE:688323) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Rayitek Hi-Tech Film Co COGS-to-Revenue?

Rayitek Hi-Tech Film Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥42.6 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥54.7 Mil.

Rayitek Hi-Tech Film Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Rayitek Hi-Tech Film Co's Gross Margin % for the three months ended in Mar. 2024 was 22.14%.

Rayitek Hi-Tech Film Co COGS-to-Revenue Historical Data

The historical data trend for Rayitek Hi-Tech Film 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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Rayitek Hi-Tech Film Co COGS-to-Revenue Chart

Rayitek Hi-Tech Film Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.63

0.55

0.62

0.73

Rayitek Hi-Tech Film Co Quarterly Data
	Dec18	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															0.71	0.72	0.73	0.77	0.78

Rayitek Hi-Tech Film Co COGS-to-Revenue Calculation

Rayitek Hi-Tech Film 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
	=	202.648	/	275.928
	=	0.73

Rayitek Hi-Tech Film Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	42.595	/	54.704
	=	0.78

Rayitek Hi-Tech Film Co (SHSE:688323) COGS-to-Revenue Explanation

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

Rayitek Hi-Tech Film 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	-	42.595 / 54.704
	=	22.14 %

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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Rayitek Hi-Tech Film Co (SHSE:688323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songgang Street Office, Huamei Industrial Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

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