Western Mining Co (SHSE:601168) COGS-to-Revenue : 0.82 (As of Mar. 2024)

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What is Western Mining Co COGS-to-Revenue?

Western Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,947 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥10,974 Mil.

Western Mining 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. Western Mining Co's Gross Margin % for the three months ended in Mar. 2024 was 18.47%.

Western Mining Co COGS-to-Revenue Historical Data

The historical data trend for Western 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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Western Mining Co COGS-to-Revenue Chart

Western Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.88

0.86

0.79

0.81

0.82

Western 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															0.84	0.83	0.76	0.84	0.82

Western Mining Co COGS-to-Revenue Calculation

Western 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
	=	35035.996	/	42748.116
	=	0.82

Western 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
	=	8947.452	/	10973.913
	=	0.82

Western Mining Co (SHSE:601168) COGS-to-Revenue Explanation

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

Western 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	-	8947.452 / 10973.913
	=	18.47 %

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.

Western Mining Co COGS-to-Revenue Related Terms

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Western Mining Co (SHSE:601168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mining Co Ltd (SHSE:601168) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No.52, No.54 Avenue, Qinghai Province, Xining, CHN, 810001

Website

http://www.westmining.com

Western Mining Co Ltd is a mining company mainly engaged in the comprehensive development of mineral resources in the western region of China. The company's business operations include mining, smelting, and trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, and iron. It is divided into four major trading sectors: mining, smelting, trade, and finance.

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