GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » COGS-to-Revenue

Shenzhen Inovance Technology Co (SZSE:300124) COGS-to-Revenue : 0.65 (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Shenzhen Inovance Technology Co COGS-to-Revenue?

Shenzhen Inovance Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,244 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥6,492 Mil.

Shenzhen Inovance Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shenzhen Inovance Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 34.63%.

Shenzhen Inovance Technology Co COGS-to-Revenue Historical Data

The historical data trend for Shenzhen Inovance Technology 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.

* Premium members only.

Shenzhen Inovance Technology Co COGS-to-Revenue Chart

Shenzhen Inovance Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.62 0.64 0.65 0.66

Shenzhen Inovance Technology 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.64 0.65 0.71 0.65

Shenzhen Inovance Technology Co COGS-to-Revenue Calculation

Shenzhen Inovance Technology 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
=20214.696 / 30419.925
=0.66

Shenzhen Inovance Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=4243.77 / 6492.396
=0.65

* 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.

Shenzhen Inovance Technology Co  (SZSE:300124) COGS-to-Revenue Explanation

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

Shenzhen Inovance Technology 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 - 4243.77 / 6492.396
=34.63 %

* 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.

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.

Shenzhen Inovance Technology Co COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Shenzhen Inovance Technology Co's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Inovance Technology Co Ltd (SZSE:300124) » Definitions » COGS-to-Revenue
Comparable Companies
SZSE:300274 SZSE:300014 SHSE:603195 SHSE:600089 SHSE:600522 SHSE:601877 SZSE:002074 SZSE:002028 SHSE:688777 SHSE:600885 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR XKRX:247540 HUBB VRT MIL:PRY BOM:517354
Traded in Other Exchanges
N/A
Address
Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101
Website
http://www.inovance.cn
Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

Shenzhen Inovance Technology Co (SZSE:300124) Headlines

No Headlines