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China Petroleum & Chemical (LSE:SNP) COGS-to-Revenue : 0.83 (As of Sep. 2023)


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What is China Petroleum & Chemical COGS-to-Revenue?

China Petroleum & Chemical's Cost of Goods Sold for the three months ended in Sep. 2023 was $99,511 Mil. Its Revenue for the three months ended in Sep. 2023 was $120,070 Mil.

China Petroleum & Chemical's COGS to Revenue for the three months ended in Sep. 2023 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Petroleum & Chemical's Gross Margin % for the three months ended in Sep. 2023 was 17.12%.

China Petroleum & Chemical COGS-to-Revenue Historical Data

The historical data trend for China Petroleum & Chemical'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.

* Premium members only.

China Petroleum & Chemical COGS-to-Revenue Chart

China Petroleum & Chemical Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.84 0.81 0.80 0.84

China Petroleum & Chemical 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.87 0.83 0.85 0.83

China Petroleum & Chemical COGS-to-Revenue Calculation

China Petroleum & Chemical's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=400858.041 / 475948.191
=0.84

China Petroleum & Chemical's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=99510.544 / 120070.02
=0.83

* 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.

China Petroleum & Chemical  (LSE:SNP) COGS-to-Revenue Explanation

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

China Petroleum & Chemical'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 - 99510.544 / 120070.02
=17.12 %

* 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.

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.

China Petroleum & Chemical COGS-to-Revenue Related Terms

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China Petroleum & Chemical (LSE:SNP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (LSE:SNP) » Definitions » COGS-to-Revenue
Comparable Companies
HKSE:00228 HKSE:00346 HKSE:01251 SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE LSE:BP. BSP:PETR3 OSL:EQNR ADX:ADNOCGAS MIC:LKOH MIL:ENI TSX:SU BOM:500312 MIC:GAZP TSX:CVE MIC:SIBN
Traded in Other Exchanges
SNPMF:USA 00386:Hong Kong CHU:Germany 600028:China
Address
No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728
Website
http://www.sinopec.com
China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.

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