GreenTree Hospitality Group (GreenTree Hospitality Group) COGS-to-Revenue : 0.57 (As of Dec. 2023)

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What is GreenTree Hospitality Group COGS-to-Revenue?

GreenTree Hospitality Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $29.6 Mil. Its Revenue for the three months ended in Dec. 2023 was $52.1 Mil.

GreenTree Hospitality Group's COGS to Revenue for the three months ended in Dec. 2023 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. GreenTree Hospitality Group's Gross Margin % for the three months ended in Dec. 2023 was 43.14%.

GreenTree Hospitality Group COGS-to-Revenue Historical Data

The historical data trend for GreenTree Hospitality Group'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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GreenTree Hospitality Group COGS-to-Revenue Chart

GreenTree Hospitality Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.31

0.43

0.54

0.63

0.58

GreenTree Hospitality Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.66	-	0.59	0.54	0.57

GreenTree Hospitality Group COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	132.691	/	227.901
	=	0.58

GreenTree Hospitality Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	29.634	/	52.122
	=	0.57

GreenTree Hospitality Group (NYSE:GHG) COGS-to-Revenue Explanation

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

GreenTree Hospitality Group's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	29.634 / 52.122
	=	43.14 %

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.

GreenTree Hospitality Group COGS-to-Revenue Related Terms

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GreenTree Hospitality Group (GreenTree Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GreenTree Hospitality Group Ltd (NYSE:GHG) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

GT1A:Germany

Address

1228 Zhongshan North Road, Putuo District, Shanghai, CHN, 200065

Website

https://www.998.com

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.