Jiangsu Hengxing New Material Technology Co (SHSE:603276) COGS-to-Revenue : 0.82 (As of Mar. 2024)

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What is Jiangsu Hengxing New Material Technology Co COGS-to-Revenue?

Jiangsu Hengxing New Material Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥126.5 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥153.8 Mil.

Jiangsu Hengxing New Material Technology 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. Jiangsu Hengxing New Material Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 17.80%.

Jiangsu Hengxing New Material Technology Co COGS-to-Revenue Historical Data

The historical data trend for Jiangsu Hengxing New Material Technology 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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Jiangsu Hengxing New Material Technology Co COGS-to-Revenue Chart

Jiangsu Hengxing New Material Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.52

0.66

0.72

0.76

Jiangsu Hengxing New Material Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial										0.73	0.74	0.76	0.80	0.82

Jiangsu Hengxing New Material Technology Co COGS-to-Revenue Calculation

Jiangsu Hengxing New Material Technology 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
	=	489.006	/	644.127
	=	0.76

Jiangsu Hengxing New Material Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	126.451	/	153.837
	=	0.82

Jiangsu Hengxing New Material Technology Co (SHSE:603276) COGS-to-Revenue Explanation

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

Jiangsu Hengxing New Material Technology 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	-	126.451 / 153.837
	=	17.80 %

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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Jiangsu Hengxing New Material Technology Co (SHSE:603276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Hengxing New Material Technology Co Ltd (SHSE:603276) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Yongning Branch Road, Yixing Economic Development Zone, Jiangsu, Yingxing, CHN, 214200

Website

http://www.zhgchem.com

Jiangsu Hengxing New Material Technology Co Ltd is engaged in research & development, production and sales of ketone, ester and acid fine chemical products.

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