Zhejiang Meilun Elevator Co (SHSE:603321) COGS-to-Revenue : 0.77 (As of Mar. 2024)

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What is Zhejiang Meilun Elevator Co COGS-to-Revenue?

Zhejiang Meilun Elevator Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥111.9 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥145.5 Mil.

Zhejiang Meilun Elevator Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhejiang Meilun Elevator Co's Gross Margin % for the three months ended in Mar. 2024 was 23.10%.

Zhejiang Meilun Elevator Co COGS-to-Revenue Historical Data

The historical data trend for Zhejiang Meilun Elevator 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 Meilun Elevator Co COGS-to-Revenue Chart

Zhejiang Meilun Elevator Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.75

0.76

0.78

0.73

Zhejiang Meilun Elevator 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															0.74	0.73	0.69	0.76	0.77

Zhejiang Meilun Elevator Co COGS-to-Revenue Calculation

Zhejiang Meilun Elevator 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
	=	695.01	/	955.293
	=	0.73

Zhejiang Meilun Elevator Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	111.863	/	145.464
	=	0.77

Zhejiang Meilun Elevator Co (SHSE:603321) COGS-to-Revenue Explanation

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

Zhejiang Meilun Elevator 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	-	111.863 / 145.464
	=	23.10 %

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 Meilun Elevator Co (SHSE:603321) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Meilun Elevator Co Ltd (SHSE:603321) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 888, Qitao North Road, Kebei Industrial Park, Zhejiang Province, Shaoxing, CHN, 312065

Website

http://www.zjml.cc

Zhejiang Meilun Elevator Co Ltd operates in the elevator industrial field. The company is mainly engaged in the production and sales of passenger elevators, escalators, moving walkways and accessory parts, installation and maintenance of the whole product. The main products include passenger elevators, freight elevators, medical ladders, sightseeing ladders, escalators, automatic sidewalks, three-dimensional garages and accessories. The products are widely used in residential, shopping malls, hotels, public facilities areas.

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