Xinjiang Xintai Natural Gas Co (SHSE:603393) COGS-to-Revenue : 0.62 (As of Mar. 2024)

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What is Xinjiang Xintai Natural Gas Co COGS-to-Revenue?

Xinjiang Xintai Natural Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥705 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,131 Mil.

Xinjiang Xintai Natural Gas Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xinjiang Xintai Natural Gas Co's Gross Margin % for the three months ended in Mar. 2024 was 37.71%.

Xinjiang Xintai Natural Gas Co COGS-to-Revenue Historical Data

The historical data trend for Xinjiang Xintai Natural Gas 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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Xinjiang Xintai Natural Gas Co COGS-to-Revenue Chart

Xinjiang Xintai Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.52

0.57

0.50

0.47

0.53

Xinjiang Xintai Natural Gas 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															0.51	0.51	0.54	0.54	0.62

Xinjiang Xintai Natural Gas Co COGS-to-Revenue Calculation

Xinjiang Xintai Natural Gas 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
	=	1847.721	/	3516.652
	=	0.53

Xinjiang Xintai Natural Gas Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	704.594	/	1131.147
	=	0.62

Xinjiang Xintai Natural Gas Co (SHSE:603393) COGS-to-Revenue Explanation

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

Xinjiang Xintai Natural Gas 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	-	704.594 / 1131.147
	=	37.71 %

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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Xinjiang Xintai Natural Gas Co (SHSE:603393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Xinjiang Xintai Natural Gas Co Ltd (SHSE:603393) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No 179 Aletai Road Zhizhusshan, Floor 1 Building 25, Urumqi High-tech Industrial Development Zone, Urumqi, CHN, 830011

Website

http://www.xjxtrq.com

Xinjiang Xintai Natural Gas Co Ltd produces and supplies natural gas and liquefied gas in China. It also provides compressed natural gas, industrial gas, urban residents use gas, commercial gas, and heating gas, as well as operates a pipeline and CNG filling station.

Executives

Ming Zai Yuan	Director
Ming Shang Yuan	Director

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