Zhejiang Biyi Electric Appliance Co (SHSE:603215) COGS-to-Revenue : 0.87 (As of Mar. 2024)

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What is Zhejiang Biyi Electric Appliance Co COGS-to-Revenue?

Zhejiang Biyi Electric Appliance Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥279 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥320 Mil.

Zhejiang Biyi Electric Appliance Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhejiang Biyi Electric Appliance Co's Gross Margin % for the three months ended in Mar. 2024 was 12.95%.

Zhejiang Biyi Electric Appliance Co COGS-to-Revenue Historical Data

The historical data trend for Zhejiang Biyi Electric Appliance 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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Zhejiang Biyi Electric Appliance Co COGS-to-Revenue Chart

Zhejiang Biyi Electric Appliance Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.79

0.85

0.80

0.79

Zhejiang Biyi Electric Appliance Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												0.79	0.78	0.78	0.81	0.87

Zhejiang Biyi Electric Appliance Co COGS-to-Revenue Calculation

Zhejiang Biyi Electric Appliance 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
	=	1228.727	/	1559.518
	=	0.79

Zhejiang Biyi Electric Appliance Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	278.64	/	320.101
	=	0.87

Zhejiang Biyi Electric Appliance Co (SHSE:603215) COGS-to-Revenue Explanation

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

Zhejiang Biyi Electric Appliance 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	-	278.64 / 320.101
	=	12.95 %

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 Biyi Electric Appliance Co (SHSE:603215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Biyi Electric Appliance Co Ltd (SHSE:603215) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 88, Yuzhaojiang Road, Urban Economic Development Zone, Chengdong New Distric, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.nb-biyi.com

Zhejiang Biyi Electric Appliance Co Ltd is engaged in the design, manufacture and sale of air fryers, air ovens, deep fryers, grillers and other small heating kitchen appliances.

Executives

Lin Jian Yue	senior management
Hu Dong Sheng	Director
Jin Xiao Hong	Director
Tan Xiong	senior management

Zhejiang Biyi Electric Appliance Co (SHSE:603215) Headlines

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