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Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) COGS-to-Revenue : 0.72 (As of Mar. 2024)


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What is Zhejiang Tuna Environmental Science & Tech Co COGS-to-Revenue?

Zhejiang Tuna Environmental Science & Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥161.3 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥224.5 Mil.

Zhejiang Tuna Environmental Science & Tech Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhejiang Tuna Environmental Science & Tech Co's Gross Margin % for the three months ended in Mar. 2024 was 28.13%.


Zhejiang Tuna Environmental Science & Tech Co COGS-to-Revenue Historical Data

The historical data trend for Zhejiang Tuna Environmental Science & Tech 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.

Zhejiang Tuna Environmental Science & Tech Co COGS-to-Revenue Chart

Zhejiang Tuna Environmental Science & Tech 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 0.76 0.87 0.89 0.74 0.79

Zhejiang Tuna Environmental Science & Tech 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 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 0.77 0.76 0.82 0.83 0.72

Zhejiang Tuna Environmental Science & Tech Co COGS-to-Revenue Calculation

Zhejiang Tuna Environmental Science & Tech 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
=630.238 / 795.845
=0.79

Zhejiang Tuna Environmental Science & Tech Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=161.349 / 224.513
=0.72

* 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.


Zhejiang Tuna Environmental Science & Tech Co  (SHSE:603177) COGS-to-Revenue Explanation

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

Zhejiang Tuna Environmental Science & Tech 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 - 161.349 / 224.513
=28.13 %

* 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.


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Zhejiang Tuna Environmental Science & Tech Co (SHSE:603177) Business Description

Traded in Other Exchanges
N/A
Address
South of Sanjiang Road, Paojiang Industrial Zone, Zhejiang Province, Shaoxing, CHN, 312071
Zhejiang Tuna Environmental Science & Tech Co Ltd is a Chinese company engaged in the research and development, manufacturing and contracting of flue gas purification technology. It executes EPC turnkey contract which covers denitration, desulfurization and dedusting project throughout the country, as well as overseas as subcontractor of state owned enterprise overseas project. The company also offers FGD system equipment with a different type of method, and cellular type and plate type SCR catalyst, and ESP system equipment.

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