Guangdong Kitech New Material Holding Co (SZSE:300995) COGS-to-Revenue : 0.69 (As of Dec. 2023)

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What is Guangdong Kitech New Material Holding Co COGS-to-Revenue?

Guangdong Kitech New Material Holding Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥56.1 Mil. Its Revenue for the three months ended in Dec. 2023 was ¥81.3 Mil.

Guangdong Kitech New Material Holding Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Guangdong Kitech New Material Holding Co's Gross Margin % for the three months ended in Dec. 2023 was 31.00%.

Guangdong Kitech New Material Holding Co COGS-to-Revenue Historical Data

The historical data trend for Guangdong Kitech New Material Holding 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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Guangdong Kitech New Material Holding Co COGS-to-Revenue Chart

Guangdong Kitech New Material Holding Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.61

0.74

0.77

0.73

Guangdong Kitech New Material Holding Co Quarterly Data
	Dec17	Dec18	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															0.73	0.78	0.76	0.72	0.69

Guangdong Kitech New Material Holding Co COGS-to-Revenue Calculation

Guangdong Kitech New Material Holding 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
	=	207.756	/	283.248
	=	0.73

Guangdong Kitech New Material Holding Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	56.089	/	81.286
	=	0.69

Guangdong Kitech New Material Holding Co (SZSE:300995) COGS-to-Revenue Explanation

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

Guangdong Kitech New Material Holding 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	-	56.089 / 81.286
	=	31.00 %

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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Guangdong Kitech New Material Holding Co (SZSE:300995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Kitech New Material Holding Co Ltd (SZSE:300995) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

135 Dongsheng Road, Jianghai District, Guangdong Province, Jiangmen, CHN, 529000

Website

http://www.qide.cn

Guangdong Kitech New Material Holding Co Ltd research and development, design, production and sales of modified nylon and modified polypropylene based high-performance polymer composite materials and their products, precision injection molds, and related services.

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