Hainan Mining Co (SHSE:601969) COGS-to-Revenue : 0.63 (As of Mar. 2024)

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What is Hainan Mining Co COGS-to-Revenue?

Hainan Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥699 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,110 Mil.

Hainan Mining Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hainan Mining Co's Gross Margin % for the three months ended in Mar. 2024 was 37.03%.

Hainan Mining Co COGS-to-Revenue Historical Data

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

Hainan Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.79

0.51

0.71

0.69

Hainan 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															0.73	0.75	0.74	0.47	0.63

Hainan Mining Co COGS-to-Revenue Calculation

Hainan 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
	=	3206.217	/	4678.74
	=	0.69

Hainan 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
	=	698.824	/	1109.777
	=	0.63

Hainan Mining Co (SHSE:601969) COGS-to-Revenue Explanation

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

Hainan 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	-	698.824 / 1109.777
	=	37.03 %

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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Hainan Mining Co (SHSE:601969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hainan Mining Co Ltd (SHSE:601969) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Changjiang Li Autonomous County, Hainan Shilu, CHN

Website

http://www.hnmining.com

Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.

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