Chengdu Rich Technology Co (BJSE:833781) COGS-to-Revenue : 0.75 (As of Mar. 2024)

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What is Chengdu Rich Technology Co COGS-to-Revenue?

Chengdu Rich Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥37.2 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥49.7 Mil.

Chengdu Rich Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chengdu Rich Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 25.01%.

Chengdu Rich Technology Co COGS-to-Revenue Historical Data

The historical data trend for Chengdu Rich Technology 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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Chengdu Rich Technology Co COGS-to-Revenue Chart

Chengdu Rich Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.72

0.70

0.69

0.70

0.77

Chengdu Rich Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.75	0.74	0.73	0.81	0.75

Chengdu Rich Technology Co COGS-to-Revenue Calculation

Chengdu Rich Technology 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
	=	286.241	/	373.246
	=	0.77

Chengdu Rich Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	37.243	/	49.664
	=	0.75

Chengdu Rich Technology Co (BJSE:833781) COGS-to-Revenue Explanation

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

Chengdu Rich Technology Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	37.243 / 49.664
	=	25.01 %

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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Chengdu Rich Technology Co (BJSE:833781) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chengdu Rich Technology Co Ltd (BJSE:833781) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

No. 288 Qinghua East Road, Qingbaijiang District, Sichuan Province, Chengdu City, CHN, 610300

Website

http://www.cdrich.cn

Chengdu Rich Technology Co Ltd engages in the design, research, development, and manufacturing of large pressure vessels, intelligent integrated devices, special equipment for oil and gas drilling and production, processing of special equipment for electric power, and installation of lithium batteries and nuclear energy.

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