Ningbo Ocean Shipping Co (SHSE:601022) COGS-to-Revenue : 0.82 (As of Mar. 2024)

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What is Ningbo Ocean Shipping Co COGS-to-Revenue?

Ningbo Ocean Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥955 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,167 Mil.

Ningbo Ocean Shipping Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ningbo Ocean Shipping Co's Gross Margin % for the three months ended in Mar. 2024 was 18.21%.

Ningbo Ocean Shipping Co COGS-to-Revenue Historical Data

The historical data trend for Ningbo Ocean Shipping 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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Ningbo Ocean Shipping Co COGS-to-Revenue Chart

Ningbo Ocean Shipping Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.93

0.83

0.80

0.79

0.83

Ningbo Ocean Shipping Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial											0.80	0.83	0.86	0.84	0.82

Ningbo Ocean Shipping Co COGS-to-Revenue Calculation

Ningbo Ocean Shipping 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
	=	3713.979	/	4469.132
	=	0.83

Ningbo Ocean Shipping Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	954.505	/	1167.072
	=	0.82

Ningbo Ocean Shipping Co (SHSE:601022) COGS-to-Revenue Explanation

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

Ningbo Ocean Shipping 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	-	954.505 / 1167.072
	=	18.21 %

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.

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Ningbo Ocean Shipping Co (SHSE:601022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningbo Ocean Shipping Co Ltd (SHSE:601022) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Building 2, Bei'an Fortune Center,, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020

Website

http://www.nbosco.com

Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.

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