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China Merchants Energy Shipping Co (SHSE:601872) COGS-to-Revenue : 0.74 (As of Dec. 2023)


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What is China Merchants Energy Shipping Co COGS-to-Revenue?

China Merchants Energy Shipping Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥5,052 Mil. Its Revenue for the three months ended in Dec. 2023 was ¥6,858 Mil.

China Merchants Energy Shipping Co's COGS to Revenue for the three months ended in Dec. 2023 was 0.74.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Merchants Energy Shipping Co's Gross Margin % for the three months ended in Dec. 2023 was 26.33%.

China Merchants Energy Shipping Co COGS-to-Revenue Historical Data

The historical data trend for China Merchants Energy 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.

* Premium members only.

China Merchants Energy Shipping Co COGS-to-Revenue Chart

China Merchants Energy Shipping 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 0.81 0.77 0.81 0.78 0.74

China Merchants Energy Shipping Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.79 0.74 0.72 0.77 0.74

China Merchants Energy Shipping Co COGS-to-Revenue Calculation

China Merchants Energy 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
=19176.684 / 25881.013
=0.74

China Merchants Energy Shipping Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=5052.354 / 6858.482
=0.74

* 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.

China Merchants Energy Shipping Co  (SHSE:601872) COGS-to-Revenue Explanation

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

China Merchants Energy Shipping Co's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 5052.354 / 6858.482
=26.33 %

* 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.

China Merchants Energy Shipping Co COGS-to-Revenue Related Terms

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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » COGS-to-Revenue
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SHSE:601975 SHSE:605090 SZSE:002267 SHSE:600617 SHSE:603689 SZSE:001331 SZSE:002492 TSX:ENB EPD ET WMB OKE MPLX KMI TSX:TRP LNG TRGP CQP TSX:PPL WES
Traded in Other Exchanges
N/A
Address
No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002
Website
http://www.cmenergyshipping.com
China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

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