Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Shanghai Jinjiang Shipping (Group) Co COGS-to-Revenue?

Shanghai Jinjiang Shipping (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥972 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,250 Mil.

Shanghai Jinjiang Shipping (Group) Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai Jinjiang Shipping (Group) Co's Gross Margin % for the three months ended in Mar. 2024 was 22.28%.

Shanghai Jinjiang Shipping (Group) Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai Jinjiang Shipping (Group) 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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Shanghai Jinjiang Shipping (Group) Co COGS-to-Revenue Chart

Shanghai Jinjiang Shipping (Group) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.81

0.75

0.64

0.63

0.79

Shanghai Jinjiang Shipping (Group) Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							0.70	0.70	0.79	0.95	0.78

Shanghai Jinjiang Shipping (Group) Co COGS-to-Revenue Calculation

Shanghai Jinjiang Shipping (Group) 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
	=	4136.286	/	5266.129
	=	0.79

Shanghai Jinjiang Shipping (Group) Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	971.764	/	1250.308
	=	0.78

Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) COGS-to-Revenue Explanation

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

Shanghai Jinjiang Shipping (Group) 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	-	971.764 / 1250.308
	=	22.28 %

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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Shanghai Jinjiang Shipping (Group) Co (SHSE:601083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Jinjiang Shipping (Group) Co Ltd (SHSE:601083) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98 Huaihai Middle Road, 15th Floor, Admiralty Plaza, Shanghai, CHN, 200021

Website

https://www.jjshipping.cn

Shanghai Jinjiang Shipping (Group) Co Ltd is engaged in International and domestic maritime container transportation business.

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