Jinhui Shipping and Transportation (Jinhui Shipping and Transportation) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Jinhui Shipping and Transportation COGS-to-Revenue?

Jinhui Shipping and Transportation's Cost of Goods Sold for the three months ended in Mar. 2024 was $25.61 Mil. Its Revenue for the three months ended in Mar. 2024 was $27.89 Mil.

Jinhui Shipping and Transportation's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Jinhui Shipping and Transportation's Gross Margin % for the three months ended in Mar. 2024 was 8.18%.

Jinhui Shipping and Transportation COGS-to-Revenue Historical Data

The historical data trend for Jinhui Shipping and Transportation'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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Jinhui Shipping and Transportation COGS-to-Revenue Chart

Jinhui Shipping and Transportation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.83

1.14

0.51

0.73

1.22

Jinhui Shipping and Transportation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.82	1.86	1.29	0.89	0.92

Jinhui Shipping and Transportation COGS-to-Revenue Calculation

Jinhui Shipping and Transportation's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	100.064	/	81.868
	=	1.22

Jinhui Shipping and Transportation's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	25.612	/	27.894
	=	0.92

Jinhui Shipping and Transportation (OTCPK:JNSTF) COGS-to-Revenue Explanation

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

Jinhui Shipping and Transportation'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	-	25.612 / 27.894
	=	8.18 %

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.

Jinhui Shipping and Transportation COGS-to-Revenue Related Terms

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Jinhui Shipping and Transportation (Jinhui Shipping and Transportation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinhui Shipping and Transportation Ltd (OTCPK:JNSTF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

JINO:Sweden JIN:Norway

Address

1-6 Connaught Road West, 26th Floor, Yardley Commercial Building, Hong Kong, HKG

Website

http://www.jinhuiship.com/jst

Jinhui Shipping and Transportation Ltd is an investment holding company. It operates its business through its subsidiaries. It principal activities of the business are ship chartering and ship owning. Geographically, it operates in various countries like China, Singapore, Ireland, South Korea, and Thailand. The majority of the revenue comes from the Singapore.