Million Cities Holdings (HKSE:02892) COGS-to-Revenue : 1.92 (As of Dec. 2023)

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What is Million Cities Holdings COGS-to-Revenue?

Million Cities Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$660.3 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$343.4 Mil.

Million Cities Holdings's COGS to Revenue for the six months ended in Dec. 2023 was 1.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Million Cities Holdings's Gross Margin % for the six months ended in Dec. 2023 was -92.27%.

Million Cities Holdings COGS-to-Revenue Historical Data

The historical data trend for Million Cities 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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Million Cities Holdings COGS-to-Revenue Chart

Million Cities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.62

0.56

0.77

0.52

1.26

Million Cities Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial											0.77	0.72	0.48	0.62	1.92

Million Cities Holdings COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	881.734	/	701.806
	=	1.26

Million Cities Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	660.279	/	343.415
	=	1.92

Million Cities Holdings (HKSE:02892) COGS-to-Revenue Explanation

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

Million Cities Holdings'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	-	660.279 / 343.415
	=	-92.27 %

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.

Million Cities Holdings COGS-to-Revenue Related Terms

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Million Cities Holdings (HKSE:02892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Million Cities Holdings Ltd (HKSE:02892) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Ting Kok Road, Unit D, 21st Floor, Block 1, Tai Ping Industrial Centre, Tai Po New Territories, Hong Kong, HKG

Website

http://www.millioncities.com.cn

Million Cities Holdings Ltd is an investment holding company engaged in property development. The company generates revenues from the sale of properties and gross rentals from properties. It derives all of its revenues from China.

Executives

East Asia International Trustees Limited	2301 Trustee
Fortune Speed Investments Ltd.	2101 Beneficial owner
Happy Family Assets Limited	2201 Interest of corporation controlled by you
Winnermax Management Limited	2201 Interest of corporation controlled by you
Wang Kam Chu	2202 Interest of your spouse
Wong Ting Chung	2305 Beneficiary of a trust
Tsoi Suet Ngai	2202 Interest of your spouse
Wong Ting Chun	2305 Beneficiary of a trust
Chan Ka Wai	2202 Interest of your spouse
Wong Ting Kau	2305 Beneficiary of a trust
Lau Ka Keung	2202 Interest of your spouse
Wong Wai Ling	2305 Beneficiary of a trust

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