WiMi Hologram Cloud (WiMi Hologram Cloud) COGS-to-Revenue : 0.69 (As of Jun. 2023)

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What is WiMi Hologram Cloud COGS-to-Revenue?

WiMi Hologram Cloud's Cost of Goods Sold for the six months ended in Jun. 2023 was $25.66 Mil. Its Revenue for the six months ended in Jun. 2023 was $36.97 Mil.

WiMi Hologram Cloud's COGS to Revenue for the six months ended in Jun. 2023 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. WiMi Hologram Cloud's Gross Margin % for the six months ended in Jun. 2023 was 30.59%.

WiMi Hologram Cloud COGS-to-Revenue Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud COGS-to-Revenue Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.38

0.46

0.78

0.73

0.79

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial							0.70	0.77	0.81	0.76	0.69

WiMi Hologram Cloud COGS-to-Revenue Calculation

WiMi Hologram Cloud's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	77.348	/	97.866
	=	0.79

WiMi Hologram Cloud's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25.662	/	36.97
	=	0.69

WiMi Hologram Cloud (NAS:WIMI) COGS-to-Revenue Explanation

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

WiMi Hologram Cloud's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	25.662 / 36.97
	=	30.59 %

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.

WiMi Hologram Cloud COGS-to-Revenue Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.