ZheJiang Taifu Pump Co (SZSE:300992) COGS-to-Revenue : 0.72 (As of Sep. 2023)

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What is ZheJiang Taifu Pump Co COGS-to-Revenue?

ZheJiang Taifu Pump Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥126.3 Mil. Its Revenue for the three months ended in Sep. 2023 was ¥176.3 Mil.

ZheJiang Taifu Pump Co's COGS to Revenue for the three months ended in Sep. 2023 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ZheJiang Taifu Pump Co's Gross Margin % for the three months ended in Sep. 2023 was 28.35%.

ZheJiang Taifu Pump Co COGS-to-Revenue Historical Data

The historical data trend for ZheJiang Taifu Pump 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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ZheJiang Taifu Pump Co COGS-to-Revenue Chart

ZheJiang Taifu Pump Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.70

0.68

0.70

0.80

0.79

ZheJiang Taifu Pump Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial														0.79	0.77	0.77	0.78	0.72

ZheJiang Taifu Pump Co COGS-to-Revenue Calculation

ZheJiang Taifu Pump Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	439.777	/	553.655
	=	0.79

ZheJiang Taifu Pump Co's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	126.293	/	176.252
	=	0.72

ZheJiang Taifu Pump Co (SZSE:300992) COGS-to-Revenue Explanation

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

ZheJiang Taifu Pump Co's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	126.293 / 176.252
	=	28.35 %

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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ZheJiang Taifu Pump Co (SZSE:300992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ZheJiang Taifu Pump Co Ltd (SZSE:300992) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southeast Industrial Park, Songmen Town, Wenling City, Zhejiang Province, Taizhou, CHN, 317511

Website

https://www.chinataifu.com

ZheJiang Taifu Pump Co Ltd is engaged in the research and development, production and sales of civil water pumps.

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