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Fortune Ng Fung Food (hebei) Co (SHSE:600965) COGS-to-Revenue : 0.67 (As of Mar. 2024)


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What is Fortune Ng Fung Food (hebei) Co COGS-to-Revenue?

Fortune Ng Fung Food (hebei) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥156.2 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥232.6 Mil.

Fortune Ng Fung Food (hebei) Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fortune Ng Fung Food (hebei) Co's Gross Margin % for the three months ended in Mar. 2024 was 32.84%.

Fortune Ng Fung Food (hebei) Co COGS-to-Revenue Historical Data

The historical data trend for Fortune Ng Fung Food (hebei) 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.

* Premium members only.

Fortune Ng Fung Food (hebei) Co COGS-to-Revenue Chart

Fortune Ng Fung Food (hebei) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.68 0.67 0.69 0.62

Fortune Ng Fung Food (hebei) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 0.61 0.62 0.68 0.67

Fortune Ng Fung Food (hebei) Co COGS-to-Revenue Calculation

Fortune Ng Fung Food (hebei) 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
=652.089 / 1046.279
=0.62

Fortune Ng Fung Food (hebei) Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=156.219 / 232.593
=0.67

* 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.

Fortune Ng Fung Food (hebei) Co  (SHSE:600965) COGS-to-Revenue Explanation

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

Fortune Ng Fung Food (hebei) 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 - 156.219 / 232.593
=32.84 %

* 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.

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.

Fortune Ng Fung Food (hebei) Co COGS-to-Revenue Related Terms

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Fortune Ng Fung Food (hebei) Co (SHSE:600965) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fortune Ng Fung Food (hebei) Co Ltd (SHSE:600965) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
Yanjiao Economic and Technology Development Zone, Hebei Province, Sanhe, CHN, 065201
Website
http://www.fucheng.net
Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.

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