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Grand Ocean Advanced Resources Co (HKSE:00065) COGS-to-Revenue : 0.68 (As of Dec. 2023)


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What is Grand Ocean Advanced Resources Co COGS-to-Revenue?

Grand Ocean Advanced Resources Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$72.4 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$106.2 Mil.

Grand Ocean Advanced Resources Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.68.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Grand Ocean Advanced Resources Co's Gross Margin % for the six months ended in Dec. 2023 was 31.82%.

Grand Ocean Advanced Resources Co COGS-to-Revenue Historical Data

The historical data trend for Grand Ocean Advanced Resources 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.

Grand Ocean Advanced Resources Co COGS-to-Revenue Chart

Grand Ocean Advanced Resources Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.64 0.60 0.58 0.65

Grand Ocean Advanced Resources 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 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 0.54 0.52 0.65 0.62 0.68

Grand Ocean Advanced Resources Co COGS-to-Revenue Calculation

Grand Ocean Advanced Resources 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
=122.749 / 187.96
=0.65

Grand Ocean Advanced Resources Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=72.422 / 106.217
=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.

Grand Ocean Advanced Resources Co  (HKSE:00065) COGS-to-Revenue Explanation

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

Grand Ocean Advanced Resources 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 - 72.422 / 106.217
=31.82 %

* 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.

Grand Ocean Advanced Resources Co COGS-to-Revenue Related Terms

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Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » COGS-to-Revenue
Comparable Companies
HKSE:08203 HKSE:00702 HKSE:01738 HKSE:01393 HKSE:01229 HKSE:08250 HKSE:00645 HKSE:00704 HKSE:01303 HKSE:01878 SHSE:601088 BOM:512599 ISX:BYAN NSE:COALINDIA SHSE:601225 SHSE:600188 HKSE:01898 SHSE:601699 SZSE:000983 SZSE:000933
Traded in Other Exchanges
N/A
Address
255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG
Website
https://www.grandocean65.com
Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.
Executives
Cao Min 2201 Interest of corporation controlled by you
Yuan Nian Guo Ji Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Sungold Developments Group Limited 2101 Beneficial owner
Ninetynine Technology Service Limited 2101 Beneficial owner
Liu Chang Deng 2101 Beneficial owner
Xiao Bingnan 2101 Beneficial owner
Blossom International Investment Holdings Limited 2201 Interest of corporation controlled by you
Blossom Investment Consultant Limited 2101 Beneficial owner
Yang Fang 2201 Interest of corporation controlled by you

Grand Ocean Advanced Resources Co (HKSE:00065) Headlines

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