JinkoSolar Holding Co (WBO:JKS) COGS-to-Revenue : 0.81 (As of Sep. 2023)

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What is JinkoSolar Holding Co COGS-to-Revenue?

JinkoSolar Holding Co's Cost of Goods Sold for the three months ended in Sep. 2023 was €3,300 Mil. Its Revenue for the three months ended in Sep. 2023 was €4,087 Mil.

JinkoSolar Holding Co's COGS to Revenue for the three months ended in Sep. 2023 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. JinkoSolar Holding Co's Gross Margin % for the three months ended in Sep. 2023 was 19.27%.

JinkoSolar Holding Co COGS-to-Revenue Historical Data

The historical data trend for JinkoSolar 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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JinkoSolar Holding Co COGS-to-Revenue Chart

JinkoSolar Holding Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.86

0.82

0.84

0.85

JinkoSolar Holding Co Quarterly Data
	Dec18	Mar19	Jun19	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															0.84	0.86	0.83	0.84	0.81

JinkoSolar Holding Co COGS-to-Revenue Calculation

JinkoSolar Holding 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
	=	9593.275	/	11255.815
	=	0.85

JinkoSolar Holding Co's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3299.837	/	4087.299
	=	0.81

JinkoSolar Holding Co (WBO:JKS) COGS-to-Revenue Explanation

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

JinkoSolar Holding 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	-	3299.837 / 4087.299
	=	19.27 %

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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JinkoSolar Holding Co (WBO:JKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » JinkoSolar Holding Co Ltd (WBO:JKS) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

JKS:USA JKS:Mexico 0JOX:UK ZJS1:Germany

Address

1 Yingbin Road, Shangrao Economic Development Zone, Jiangxi Province, Shangrao, CHN, 334100

Website

https://www.jinkosolar.com/en

JinkoSolar Holding Co Ltd is engaged in the photovoltaic industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under the JinkoSolar brand. The company's product includes Silicon wafers, Solar cells, and Solar modules. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.