Qingdao Foods Co (SZSE:001219) COGS-to-Revenue

: 0.76 (As of Dec. 2023)

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Qingdao Foods Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥85.8 Mil. Its Revenue for the three months ended in Dec. 2023 was ¥112.7 Mil.

Qingdao Foods Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qingdao Foods Co's Gross Margin % for the three months ended in Dec. 2023 was 23.89%.

Qingdao Foods Co COGS-to-Revenue Historical Data

The historical data trend for Qingdao 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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Qingdao Foods Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.67

0.69

0.68

0.69

Qingdao Foods Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.71	0.65	0.67	0.70	0.76

Qingdao Foods Co COGS-to-Revenue Calculation

Qingdao 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
	=	339.809	/	489.31
	=	0.69

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	85.802	/	112.73
	=	0.76

Qingdao Foods Co (SZSE:001219) COGS-to-Revenue Explanation

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

Qingdao Foods 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	-	85.802 / 112.73
	=	23.89 %

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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Qingdao Foods Co (SZSE:001219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qingdao Foods Co Ltd (SZSE:001219) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 2, Siliu Zhongzhi Road, Licang District, Shandong Province, Qingdao, CHN, 266041

Website

https://www.qdfood.com

Qingdao Foods Co Ltd is engaged in the research and development, production and sales of snack foods such as biscuits and peanut butter.

Qingdao Foods Co (SZSE:001219) Headlines

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