Meitu (MEIUF) COGS-to-Revenue : 0.35 (As of Jun. 2024)

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What is Meitu COGS-to-Revenue?

Meitu's Cost of Goods Sold for the six months ended in Jun. 2024 was $78.4 Mil. Its Revenue for the six months ended in Jun. 2024 was $223.5 Mil.

Meitu's COGS to Revenue for the six months ended in Jun. 2024 was 0.35.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meitu's Gross Margin % for the six months ended in Jun. 2024 was 64.93%.

Meitu COGS-to-Revenue Historical Data

The historical data trend for Meitu'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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Meitu COGS-to-Revenue Chart

Meitu Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.28

0.34

0.32

0.43

0.39

Meitu Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial															0.48	0.39	0.40	0.37	0.35

Meitu COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	145.635	/	377.544
	=	0.39

Meitu's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	78.369	/	223.463
	=	0.35

Meitu (OTCPK:MEIUF) COGS-to-Revenue Explanation

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

Meitu's Gross Margin % for the six months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	78.369 / 223.463
	=	64.93 %

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.

Meitu COGS-to-Revenue Related Terms

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Meitu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meitu Inc (OTCPK:MEIUF) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

01357:Hong Kong M5U:Germany

Address

No. 2557 Binhai West Avenue, Meitu Tower, Building 2, Meifeng Innovation Valley, Tong’an District, Fujian Province, Xiamen, CHN

Website

https://www.meitu.com

Meitu Inc is an investment holding company. It is engaged in the provision of online advertising and other Internet value-added services by offering a portfolio of photo and community apps that enjoys popularity in the PRC and overseas and the smart hardware business involving the production of MeituEve: a commercial artificial intelligence skin analyser, MeituKey: a contact skin analyser, MeituSpa: an artificial intelligence cleansing brush and Meitu Genius: an artificial intelligence smart mirror.