Guirenniao Co (SHSE:603555) COGS-to-Revenue : 0.87 (As of Sep. 2023)

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What is Guirenniao Co COGS-to-Revenue?

Guirenniao Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥312 Mil. Its Revenue for the three months ended in Sep. 2023 was ¥357 Mil.

Guirenniao Co's COGS to Revenue for the three months ended in Sep. 2023 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Guirenniao Co's Gross Margin % for the three months ended in Sep. 2023 was 12.68%.

Guirenniao Co COGS-to-Revenue Historical Data

The historical data trend for Guirenniao 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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Guirenniao Co COGS-to-Revenue Chart

Guirenniao Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.71

0.65

0.64

0.74

0.80

Guirenniao Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.82	0.80	0.82	0.78	0.87

Guirenniao Co COGS-to-Revenue Calculation

Guirenniao Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1690.506	/	2108.125
	=	0.80

Guirenniao Co's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	311.819	/	357.112
	=	0.87

Guirenniao Co (SHSE:603555) COGS-to-Revenue Explanation

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

Guirenniao Co's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	311.819 / 357.112
	=	12.68 %

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.

Guirenniao Co COGS-to-Revenue Related Terms

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Guirenniao Co (SHSE:603555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Guirenniao Co Ltd (SHSE:603555) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Surabaya Road 629, Wuyuan Bay Operations Center, 18th Floor Xiangan Business Building, Huli District, Fujian Province, Xiamen, CHN

Website

http://www.grn-group.com

Guirenniao Co Ltd is engaged in design, production and marketing of sports shoes, sports apparel and accessories.

Executives

Fan Ling Yun	Supervisors
Lin Si En	Director

Guirenniao Co (SHSE:603555) Headlines

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