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Chinatesta Textile Testing and Certification Services Co (BJSE:873122) COGS-to-Revenue : 0.68 (As of Mar. 2024)


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What is Chinatesta Textile Testing and Certification Services Co COGS-to-Revenue?

Chinatesta Textile Testing and Certification Services Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25.7 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥38.0 Mil.

Chinatesta Textile Testing and Certification Services Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chinatesta Textile Testing and Certification Services Co's Gross Margin % for the three months ended in Mar. 2024 was 32.25%.

Chinatesta Textile Testing and Certification Services Co COGS-to-Revenue Historical Data

The historical data trend for Chinatesta Textile Testing and Certification Services 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.

* Premium members only.

Chinatesta Textile Testing and Certification Services Co COGS-to-Revenue Chart

Chinatesta Textile Testing and Certification Services Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial 0.49 0.47 0.45 0.49 0.52

Chinatesta Textile Testing and Certification Services Co Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.48 0.49 0.54 0.68

Chinatesta Textile Testing and Certification Services Co COGS-to-Revenue Calculation

Chinatesta Textile Testing and Certification Services 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
=99.97 / 191.727
=0.52

Chinatesta Textile Testing and Certification Services Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=25.74 / 37.991
=0.68

* 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.

Chinatesta Textile Testing and Certification Services Co  (BJSE:873122) COGS-to-Revenue Explanation

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

Chinatesta Textile Testing and Certification Services 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 - 25.74 / 37.991
=32.25 %

* 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.

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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Chinatesta Textile Testing and Certification Services Co (BJSE:873122) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Chinatesta Textile Testing and Certification Services Co Ltd (BJSE:873122) » Definitions » COGS-to-Revenue
Comparable Companies
BJSE:836263 BJSE:871753 SZSE:000996 SHSE:688485 SZSE:003008 SZSE:300947 SHSE:600836 SZSE:002825 SHSE:600830 SZSE:301110 LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA
Traded in Other Exchanges
N/A
Address
No. 3, Yanjingli Middle Street, Balizhuang Street, Chaoyang District, Beijing, CHN, 100025
Website
https://www.cttc.net.cn
Chinatesta Textile Testing and Certification Services Co Ltd is engaged in the research and revision of textile standards, inspection, testing, and certification of textile and light industrial products, research and development and management of test consumables, and calibration of textile instruments.

Chinatesta Textile Testing and Certification Services Co (BJSE:873122) Headlines

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