Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) COGS-to-Revenue : 0.96 (As of Dec. 2023)

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What is Chinanjiang Fine Chemicals Co COGS-to-Revenue?

Chinanjiang Fine Chemicals Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,153 Mil. Its Revenue for the six months ended in Dec. 2023 was $1,196 Mil.

Chinanjiang Fine Chemicals Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chinanjiang Fine Chemicals Co's Gross Margin % for the six months ended in Dec. 2023 was 3.56%.

Chinanjiang Fine Chemicals Co COGS-to-Revenue Historical Data

The historical data trend for Chinanjiang Fine Chemicals 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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Chinanjiang Fine Chemicals Co COGS-to-Revenue Chart

Chinanjiang Fine Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.89

0.81

0.93

1.01

0.99

Chinanjiang Fine Chemicals Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.97	0.98	1.04	1.02	0.96

Chinanjiang Fine Chemicals Co COGS-to-Revenue Calculation

Chinanjiang Fine Chemicals 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
	=	1811.443	/	1838.66
	=	0.99

Chinanjiang Fine Chemicals Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1153.145	/	1195.661
	=	0.96

Chinanjiang Fine Chemicals Co (OTCPK:CNSJF) COGS-to-Revenue Explanation

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

Chinanjiang Fine Chemicals Co's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1153.145 / 1195.661
	=	3.56 %

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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Chinanjiang Fine Chemicals Co (Chinanjiang Fine Chemicals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sanjiang Fine Chemicals Co Ltd (OTCPK:CNSJF) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

02198:Hong Kong

Address

Pinghai Road, Jiaxing Port Area, Zhejiang Province, Jiaxing, CHN

Website

https://www.chinasanjiang.com

China Sanjiang Fine Chemicals Co Ltd manufactures and supplies chemicals in China. The company's products portfolio includes ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether and surfactants and provides surfactants processing service. Besides, it also produces and distributes C4, crude pentene and industrial gasses, such as oxygen, nitrogen, and argon.

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