China Come Ride New Energy Group (HKSE:08039) COGS-to-Revenue : 0.86 (As of Sep. 2023)

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What is China Come Ride New Energy Group COGS-to-Revenue?

China Come Ride New Energy Group's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$4.88 Mil. Its Revenue for the three months ended in Sep. 2023 was HK$5.66 Mil.

China Come Ride New Energy Group's COGS to Revenue for the three months ended in Sep. 2023 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Come Ride New Energy Group's Gross Margin % for the three months ended in Sep. 2023 was 13.69%.

China Come Ride New Energy Group COGS-to-Revenue Historical Data

The historical data trend for China Come Ride New Energy Group'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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China Come Ride New Energy Group COGS-to-Revenue Chart

China Come Ride New Energy Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.89

1.19

0.92

0.71

0.84

China Come Ride New Energy Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.92	1.05	1.17	0.58	0.86

China Come Ride New Energy Group COGS-to-Revenue Calculation

China Come Ride New Energy Group's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	38.32	/	45.369
	=	0.84

China Come Ride New Energy Group's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.881	/	5.655
	=	0.86

China Come Ride New Energy Group (HKSE:08039) COGS-to-Revenue Explanation

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

China Come Ride New Energy Group's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4.881 / 5.655
	=	13.69 %

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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China Come Ride New Energy Group (HKSE:08039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Come Ride New Energy Group Ltd (HKSE:08039) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Shing Yip Street, Unit E, 33rd Floor, Legend Tower, Kwun Tong, Hong Kong, HKG

Website

http://www.8039.com.hk

China Come Ride New Energy Group Ltd is principally engaged in the provision of comprehensive architectural and structural engineering consultancy services. Its service portfolio comprises licensing consultancy, alteration and addition works and minor works consultancy, inspection and certification, and other architecture-related consultancies.

Executives

New Energy Business Cluster Company Limited	2101 Beneficial owner
Zhou Renchao	2201 Interest of corporation controlled by you
Ke Yuexian	2101 Beneficial owner

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