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Irico Group New Energy Co (HKSE:00438) COGS-to-Revenue : 0.90 (As of Dec. 2023)


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What is Irico Group New Energy Co COGS-to-Revenue?

Irico Group New Energy Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,823 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$2,032 Mil.

Irico Group New Energy Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.90.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Irico Group New Energy Co's Gross Margin % for the six months ended in Dec. 2023 was 10.27%.

Irico Group New Energy Co COGS-to-Revenue Historical Data

The historical data trend for Irico Group New Energy 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.

Irico Group New Energy Co COGS-to-Revenue Chart

Irico Group New Energy 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 0.88 0.80 0.78 0.85 0.93

Irico Group New Energy 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 0.90 0.84 0.86 0.98 0.90

Irico Group New Energy Co COGS-to-Revenue Calculation

Irico Group New Energy 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
=3202.237 / 3440.357
=0.93

Irico Group New Energy Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1823.414 / 2032.115
=0.90

* 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.

Irico Group New Energy Co  (HKSE:00438) COGS-to-Revenue Explanation

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

Irico Group New Energy 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 - 1823.414 / 2032.115
=10.27 %

* 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.

Irico Group New Energy Co COGS-to-Revenue Related Terms

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Irico Group New Energy Co (HKSE:00438) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Irico Group New Energy Co Ltd (HKSE:00438) » Definitions » COGS-to-Revenue
Comparable Companies
HKSE:00757 HKSE:00750 HKSE:00712 HKSE:08111 HKSE:01421 FSLR ENPH SHSE:688223 SZSE:002459 SHSE:688472 SHSE:688599 HKSE:00968 NXT HKSE:03800 SEDG SHSE:600732 RUN SZSE:300118 SZSE:002506 SHSE:688408
Traded in Other Exchanges
N/A
Address
No. 1 Caihong Road, Qingdu District, Shaanxi Province, Xianyang, CHN, 712021
Website
http://www.irico.com.cn/en
Irico Group New Energy Co Ltd is mainly engaged in the solar photovoltaic business. It operates through the following segments: Solar photovoltaic & module business segment, and Others. The majority of its revenue is derived from Solar Photovoltaic, which includes Solar photovoltaic glass, Solar photovoltaic modules, Solar photovoltaic power stations, and Quartz sand business. Its geographical segments are China (excluding Hong Kong), Hong Kong, and Other countries, of which the majority of its revenue comes from China.
Executives
Xian Yang Zhong Dian Cai Hong Ji Tuan Kong Gu You Xian Gong Si 2101 Beneficial owner
Zhong Dian Jin Tou Kong Gu You Xian Gong Si 2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Cai Hong Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Hua An Ji Jin Guan Li You Xian Gong Si 2501 Other
Hua An Ji Jin Xin Cheng Dan Yi Zi Chan Guan Li Ji Hua 2501 Other
He Fei Xin Cheng Guo You Zi Chan Jing Ying You Xian Gong Si 2501 Other
Pactera Technologies Na, Inc 2201 Interest of corporation controlled by you

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