Sobute New Materials Co (SHSE:603916) COGS-to-Revenue : 0.65 (As of Mar. 2024)

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What is Sobute New Materials Co COGS-to-Revenue?

Sobute New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥376 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥579 Mil.

Sobute New Materials Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sobute New Materials Co's Gross Margin % for the three months ended in Mar. 2024 was 35.04%.

Sobute New Materials Co COGS-to-Revenue Historical Data

The historical data trend for Sobute New Materials 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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Sobute New Materials Co COGS-to-Revenue Chart

Sobute New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.55

0.62

0.65

0.66

0.65

Sobute New Materials 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															0.63	0.64	0.67	0.65	0.65

Sobute New Materials Co COGS-to-Revenue Calculation

Sobute New Materials 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
	=	2324.228	/	3582.119
	=	0.65

Sobute New Materials Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	375.865	/	578.605
	=	0.65

Sobute New Materials Co (SHSE:603916) COGS-to-Revenue Explanation

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

Sobute New Materials 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	-	375.865 / 578.605
	=	35.04 %

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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Sobute New Materials Co (SHSE:603916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sobute New Materials Co Ltd (SHSE:603916) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Chun Street Liquan Road 118, Jiangning District, Nanjing, CHN, 211100

Website

http://www.sobute.com

Sobute New Materials Co Ltd is a civil engineering material supplier. It is engaged in the research and development, production and sales of concrete admixtures. The company's products include Cement and concrete admixtures; Grouting material; Road construction material; and Building fiber.

Executives

Mou Chang Wen	Director
Hong Jin Xiang	senior management
Mao Liang Xi	Directors, senior managers
Xu Yue	senior management
Zhang Yong	senior management
Zhang Yue Xing	Supervisors
Zhang Jian Xiong	Director
Liu Jia Ping	Director
Chen Jian Hua	Director

Sobute New Materials Co (SHSE:603916) Headlines

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