MSW (Ming Shing Group Holdings) COGS-to-Revenue : 0.85 (As of Sep. 2023)

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What is Ming Shing Group Holdings COGS-to-Revenue?

Ming Shing Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $11.27 Mil. Its Revenue for the six months ended in Sep. 2023 was $13.21 Mil.

Ming Shing Group Holdings's COGS to Revenue for the six months ended in Sep. 2023 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ming Shing Group Holdings's Gross Margin % for the six months ended in Sep. 2023 was 14.68%.

Ming Shing Group Holdings COGS-to-Revenue Historical Data

The historical data trend for Ming Shing Group 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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Ming Shing Group Holdings COGS-to-Revenue Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

COGS-to-Revenue

0.82

0.84

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial			0.82	0.82	0.82	0.86	0.85

Ming Shing Group Holdings COGS-to-Revenue Calculation

Ming Shing Group 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
	=	18.373	/	21.868
	=	0.84

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	11.271	/	13.211
	=	0.85

Ming Shing Group Holdings (NAS:MSW) COGS-to-Revenue Explanation

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

Ming Shing Group Holdings's Gross Margin % for the six months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	11.271 / 13.211
	=	14.68 %

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.

Ming Shing Group Holdings COGS-to-Revenue Related Terms

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Ming Shing Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.