Mi Ming Mart Holdings (HKSE:08473) COGS-to-Revenue : 0.36 (As of Sep. 2023)

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What is Mi Ming Mart Holdings COGS-to-Revenue?

Mi Ming Mart Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$15.2 Mil. Its Revenue for the three months ended in Sep. 2023 was HK$42.5 Mil.

Mi Ming Mart Holdings's COGS to Revenue for the three months ended in Sep. 2023 was 0.36.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mi Ming Mart Holdings's Gross Margin % for the three months ended in Sep. 2023 was 64.26%.

Mi Ming Mart Holdings COGS-to-Revenue Historical Data

The historical data trend for Mi Ming Mart 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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Mi Ming Mart Holdings COGS-to-Revenue Chart

Mi Ming Mart Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.38

0.36

0.34

0.35

0.36

Mi Ming Mart Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.35	0.37	0.34	0.37	0.36

Mi Ming Mart Holdings COGS-to-Revenue Calculation

Mi Ming Mart Holdings's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	61.129	/	171.398
	=	0.36

Mi Ming Mart Holdings's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	15.172	/	42.454
	=	0.36

Mi Ming Mart Holdings (HKSE:08473) COGS-to-Revenue Explanation

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

Mi Ming Mart Holdings'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	-	15.172 / 42.454
	=	64.26 %

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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Mi Ming Mart Holdings (HKSE:08473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mi Ming Mart Holdings Ltd (HKSE:08473) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Pennington Street, 16th Floor, Guangdong Tours Centre, Hong Kong, HKG

Website

https://www.mimingmart.com

Mi Ming Mart Holdings Ltd is an investment holding company. The company's only reporting segment is the marketing, selling, and distributing of a wide range of beauty and health products. It generates revenue from Skincare, Cosmetics, Food and health supplements, and Other products. Geographically, it derives revenue from Hong Kong. Most of its revenue gets derived from the sale of goods, provision of beauty services and consignment income..

Executives

Prime Era Holdings Limited	2101 Beneficial owner
Lam Yue Yeung Anthony	2202 Interest of your spouse
Yuen Mi Ming Erica	2201 Interest of corporation controlled by you
Ying Ka Kwok Tania	2101 Beneficial owner

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