Mingteng International (Mingteng International) COGS-to-Revenue : 0.61 (As of Dec. 2023)

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What is Mingteng International COGS-to-Revenue?

Mingteng International's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.76 Mil. Its Revenue for the six months ended in Dec. 2023 was $4.52 Mil.

Mingteng International's COGS to Revenue for the six months ended in Dec. 2023 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mingteng International's Gross Margin % for the six months ended in Dec. 2023 was 38.92%.

Mingteng International COGS-to-Revenue Historical Data

The historical data trend for Mingteng International'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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Mingteng International COGS-to-Revenue Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.41

0.48

0.51

0.59

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial			0.56	0.54	0.48	0.57	0.61

Mingteng International COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.834	/	8.158
	=	0.59

Mingteng International's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.762	/	4.522
	=	0.61

Mingteng International (NAS:MTEN) COGS-to-Revenue Explanation

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

Mingteng International's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.762 / 4.522
	=	38.92 %

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.

Mingteng International COGS-to-Revenue Related Terms

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Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

From GuruFocus

Mingteng International Corporation Inc. Announces Pricing of Initial Public Offering

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