Luoyang Xinqianglian Slewing Bearing Co (SZSE:300850) COGS-to-Revenue : 0.73 (As of Dec. 2023)

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What is Luoyang Xinqianglian Slewing Bearing Co COGS-to-Revenue?

Luoyang Xinqianglian Slewing Bearing Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥536 Mil. Its Revenue for the three months ended in Dec. 2023 was ¥732 Mil.

Luoyang Xinqianglian Slewing Bearing Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Luoyang Xinqianglian Slewing Bearing Co's Gross Margin % for the three months ended in Dec. 2023 was 26.72%.

Luoyang Xinqianglian Slewing Bearing Co COGS-to-Revenue Historical Data

The historical data trend for Luoyang Xinqianglian Slewing Bearing 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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Luoyang Xinqianglian Slewing Bearing Co COGS-to-Revenue Chart

Luoyang Xinqianglian Slewing Bearing Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.69

0.70

0.69

0.72

0.73

Luoyang Xinqianglian Slewing Bearing 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															0.77	0.73	0.75	0.72	0.73

Luoyang Xinqianglian Slewing Bearing Co COGS-to-Revenue Calculation

Luoyang Xinqianglian Slewing Bearing 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
	=	2070.829	/	2823.632
	=	0.73

Luoyang Xinqianglian Slewing Bearing Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	536.172	/	731.696
	=	0.73

Luoyang Xinqianglian Slewing Bearing Co (SZSE:300850) COGS-to-Revenue Explanation

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

Luoyang Xinqianglian Slewing Bearing 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	-	536.172 / 731.696
	=	26.72 %

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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Luoyang Xinqianglian Slewing Bearing Co (SZSE:300850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luoyang Xinqianglian Slewing Bearing Co Ltd (SZSE:300850) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuzhou Road, Luoxin Industrial Park, Henan Province, Luoyang, CHN, 471800

Website

http://www.lyxqlbearing.com.cn

Luoyang Xinqianglian Slewing Bearing Co Ltd is engaged in production and sales of large slewing bearings and industrial forgings. The company designs and manufactures slewing bearings; precision bearings; shield machine parts; mid-to-high frequency quenching, bearing roller processing; sales of forgings, castings, and flanges.

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