Shandong Gold Mining Co (Shandong Gold Mining Co) COGS-to-Revenue : 0.85 (As of Mar. 2024)

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What is Shandong Gold Mining Co COGS-to-Revenue?

Shandong Gold Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,249 Mil. Its Revenue for the three months ended in Mar. 2024 was $2,632 Mil.

Shandong Gold Mining Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shandong Gold Mining Co's Gross Margin % for the three months ended in Mar. 2024 was 14.56%.

Shandong Gold Mining Co COGS-to-Revenue Historical Data

The historical data trend for Shandong Gold Mining Co'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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Shandong Gold Mining Co COGS-to-Revenue Chart

Shandong Gold Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.90

0.87

0.89

0.86

0.83

Shandong Gold Mining Co 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															0.86	0.86	0.83	0.80	0.85

Shandong Gold Mining Co COGS-to-Revenue Calculation

Shandong Gold Mining Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6923.708	/	8301.627
	=	0.83

Shandong Gold Mining Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2249.029	/	2632.406
	=	0.85

Shandong Gold Mining Co (GREY:SDGMF) COGS-to-Revenue Explanation

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

Shandong Gold Mining Co'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	-	2249.029 / 2632.406
	=	14.56 %

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.

Shandong Gold Mining Co COGS-to-Revenue Related Terms

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Shandong Gold Mining Co (Shandong Gold Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Gold Mining Co Ltd (GREY:SDGMF) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

01787:Hong Kong 188H:Germany 600547:China

Address

No. 2503 Jingshi Road, Licheng District, Shandong Province, Jinan, CHN, 250107

Website

http://www.sdhjgf.com.cn

Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold Mining, Gold Refining, and Investment Management. It derives key revenue from the Gold Refining segment which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which most of the revenue is from the PRC.

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