Mingxin New Material Co (SHSE:605068) COGS-to-Revenue : 0.76 (As of Mar. 2025)

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What is Mingxin New Material Co COGS-to-Revenue?

Mingxin New Material Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥215 Mil. Its Revenue for the three months ended in Mar. 2025 was ¥282 Mil.

Mingxin New Material Co's COGS to Revenue for the three months ended in Mar. 2025 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Mingxin New Material Co's Gross Margin % for the three months ended in Mar. 2025 was 23.75%.

Mingxin New Material Co COGS-to-Revenue Historical Data

The historical data trend for Mingxin New Material 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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Mingxin New Material Co COGS-to-Revenue Chart

Mingxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.51

0.60

0.68

0.74

0.80

Mingxin New Material Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.73	0.72	0.75	0.91	0.76

Mingxin New Material Co COGS-to-Revenue Calculation

Mingxin New Material Co's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	937.643	/	1179.393
	=	0.80

Mingxin New Material Co's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	214.675	/	281.526
	=	0.76

Mingxin New Material Co (SHSE:605068) COGS-to-Revenue Explanation

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

Mingxin New Material Co's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	214.675 / 281.526
	=	23.75 %

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.

Mingxin New Material Co COGS-to-Revenue Related Terms

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Mingxin New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mingxin New Material Co Ltd (SHSE:605068) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Mingxin Road, No. 188, Daqiao Town, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.mingxinleather.com

Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.

Executives

Liu Xian Jun	Directors, senior managers
Zhao Cheng Jin	senior management
Xu Xing Chun	Director
Shen Dan	senior management
Lv Qing Qing	senior management
Zhuang Jun Xin	Director
Yu Hai Jie	Director

Mingxin New Material Co Headlines

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