Future FinTech Group (LTS:0A8H) COGS-to-Revenue : 0.62 (As of Mar. 2024)

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What is Future FinTech Group COGS-to-Revenue?

Future FinTech Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.17 Mil. Its Revenue for the three months ended in Mar. 2024 was $5.12 Mil.

Future FinTech Group's COGS to Revenue for the three months ended in Mar. 2024 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Future FinTech Group's Gross Margin % for the three months ended in Mar. 2024 was 38.08%.

Future FinTech Group COGS-to-Revenue Historical Data

The historical data trend for Future FinTech 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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Future FinTech Group COGS-to-Revenue Chart

Future FinTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.52

0.09

0.93

0.77

0.86

Future FinTech Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.64	0.67	0.94	0.74	0.62

Future FinTech Group COGS-to-Revenue Calculation

Future FinTech Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	29.978	/	34.866
	=	0.86

Future FinTech Group's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3.172	/	5.123
	=	0.62

Future FinTech Group (LTS:0A8H) COGS-to-Revenue Explanation

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

Future FinTech Group'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	-	3.172 / 5.123
	=	38.08 %

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.

Future FinTech Group COGS-to-Revenue Related Terms

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Future FinTech Group (LTS:0A8H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Future FinTech Group Inc (LTS:0A8H) » Definitions » COGS-to-Revenue

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FTFT:USA

Address

Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY, USA, 10036

Website

http://www.ftft.com

Future FinTech Group Inc is engaged in the financial technology business. The company engages in the operation of a blockchain-based online shared shopping mall platform and also operates an incubator for application projects using blockchain technology. Future FinTech and its subsidiaries are developing blockchain technology for a variety of B2B and B2C real-life applications.

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