Tian Cheng Holdings (HKSE:02110) COGS-to-Revenue : 1.06 (As of Nov. 2024)

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What is Tian Cheng Holdings COGS-to-Revenue?

Tian Cheng Holdings's Cost of Goods Sold for the six months ended in Nov. 2024 was HK$114.2 Mil. Its Revenue for the six months ended in Nov. 2024 was HK$108.1 Mil.

Tian Cheng Holdings's COGS to Revenue for the six months ended in Nov. 2024 was 1.06.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tian Cheng Holdings's Gross Margin % for the six months ended in Nov. 2024 was -5.56%.

Tian Cheng Holdings COGS-to-Revenue Historical Data

The historical data trend for Tian Cheng Holdings'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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Tian Cheng Holdings COGS-to-Revenue Chart

Tian Cheng Holdings Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

May24

COGS-to-Revenue

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0.84

0.86

1.31

1.14

Tian Cheng Holdings Semi-Annual Data
	May17	May18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
COGS-to-Revenue	Get a 7-Day Free Trial									1.17	1.59	1.11	1.19	1.06

Tian Cheng Holdings COGS-to-Revenue Calculation

Tian Cheng Holdings's COGS to Revenue for the fiscal year that ended in May. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	255.195	/	223.331
	=	1.14

Tian Cheng Holdings's COGS to Revenue for the quarter that ended in Nov. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	114.15	/	108.14
	=	1.06

Tian Cheng Holdings (HKSE:02110) COGS-to-Revenue Explanation

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

Tian Cheng Holdings's Gross Margin % for the six months ended in Nov. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	114.15 / 108.14
	=	-5.56 %

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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Tian Cheng Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tian Cheng Holdings Ltd (HKSE:02110) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Mody Road, Rooms 506-507A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.tianchengholdings.com.cn

Tian Cheng Holdings Ltd formerly Yue Kan Holdings Ltd is a marine construction works subcontractor. The company's operating segments includes Marine construction works; Other civil engineering works; health and wellness services and Vessel chartering services. It generates maximum revenue from the Marine construction works segment. Geographically, it derives revenue from Hong Kong.

Executives

Ouyang Chengguo	2101 Beneficial owner
Yue Hang Investment Limited	2101 Beneficial owner
Heung Che Kan	2201 Interest of corporation controlled by you
Mok Man Yee Lisa	2202 Interest of your spouse

Tian Cheng Holdings Headlines

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