Meituan (FRA:9MD) COGS-to-Revenue : 0.61 (As of Sep. 2024)

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What is Meituan COGS-to-Revenue?

Meituan's Cost of Goods Sold for the three months ended in Sep. 2024 was €7,235 Mil. Its Revenue for the three months ended in Sep. 2024 was €11,915 Mil.

Meituan's COGS to Revenue for the three months ended in Sep. 2024 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meituan's Gross Margin % for the three months ended in Sep. 2024 was 39.28%.

Meituan COGS-to-Revenue Historical Data

The historical data trend for Meituan'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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Meituan COGS-to-Revenue Chart

Meituan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

0.70

0.76

0.72

0.65

Meituan Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.65	0.66	0.65	0.59	0.61

Meituan COGS-to-Revenue Calculation

Meituan's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	23059.694	/	35541.739
	=	0.65

Meituan's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7235.435	/	11915.371
	=	0.61

Meituan (FRA:9MD) COGS-to-Revenue Explanation

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

Meituan's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	7235.435 / 11915.371
	=	39.28 %

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.

Meituan COGS-to-Revenue Related Terms

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Meituan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (FRA:9MD) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

MPNGY:USA MPNGF:USA 03690:Hong Kong

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the year ended 2023, the firm generated 58% of revenue from on-demand services, 17% from hotel booking, coupon sales, advertising, and 25% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.

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