Tuya (HKSE:02391) COGS-to-Revenue : 0.52 (As of Mar. 2024)

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What is Tuya COGS-to-Revenue?

Tuya's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$252 Mil. Its Revenue for the three months ended in Mar. 2024 was HK$482 Mil.

Tuya's COGS to Revenue for the three months ended in Mar. 2024 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tuya's Gross Margin % for the three months ended in Mar. 2024 was 47.82%.

Tuya COGS-to-Revenue Historical Data

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

Tuya Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.74

0.66

0.58

0.57

0.54

Tuya Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial													0.56	0.53	0.53	0.53	0.52

Tuya COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	963.222	/	1796.176
	=	0.54

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	251.721	/	482.382
	=	0.52

Tuya (HKSE:02391) COGS-to-Revenue Explanation

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

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

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	251.721 / 482.382
	=	47.82 %

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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Tuya (HKSE:02391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tuya Inc (HKSE:02391) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

TUYA:USA 785:Germany

Address

Huace Center, 10th Floor, Building A, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.tuya.com

Tuya Inc is an IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. The Company has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including platform-as-a-service (PaaS) and Software-as-a-service (SaaS), to businesses and developers. Through its IoT cloud development platform, It has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a broad range of smart devices. The company's revenue is derived from the PRC.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Chen Liaohan	2201 Interest of corporation controlled by you
Wang Xueji	2501 Other
Tenet Vision Limited	2101 Beneficial owner
Tmf (cayman) Ltd.	2301 Trustee
Tuya Group Inc.	2501 Other
Tenet Smart Limited	2201 Interest of corporation controlled by you
Tenet Group Limited	2101 Beneficial owner
Tenet Global Limited	2201 Interest of corporation controlled by you
Unileo Limited	2101 Beneficial owner
Nea 14 Gp, Ltd	2201 Interest of corporation controlled by you
Nea Partners 14, L.p.	2201 Interest of corporation controlled by you
New Enterprise Associates 14, L.p.	2101 Beneficial owner
Anywink Limited
Lin Yaona

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