Shanghai W-Ibeda High Tech Group Co (SHSE:688071) COGS-to-Revenue : 0.71 (As of Mar. 2024)

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What is Shanghai W-Ibeda High Tech Group Co COGS-to-Revenue?

Shanghai W-Ibeda High Tech Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥72.6 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥101.8 Mil.

Shanghai W-Ibeda High Tech Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai W-Ibeda High Tech Group Co's Gross Margin % for the three months ended in Mar. 2024 was 28.65%.

Shanghai W-Ibeda High Tech Group Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai W-Ibeda High Tech Group 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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Shanghai W-Ibeda High Tech Group Co COGS-to-Revenue Chart

Shanghai W-Ibeda High Tech Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.57

0.49

0.50

0.60

Shanghai W-Ibeda High Tech Group Co Quarterly Data
	Dec17	Dec18	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															0.57	0.66	0.50	0.67	0.71

Shanghai W-Ibeda High Tech Group Co COGS-to-Revenue Calculation

Shanghai W-Ibeda High Tech Group 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
	=	210.486	/	351.82
	=	0.60

Shanghai W-Ibeda High Tech Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	72.642	/	101.813
	=	0.71

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) COGS-to-Revenue Explanation

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

Shanghai W-Ibeda High Tech Group 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	-	72.642 / 101.813
	=	28.65 %

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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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai W-Ibeda High Tech Group Co Ltd (SHSE:688071) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 400 Fangchun Road, Room 301-206, 3rd Floor, Building 1, Pilot Free Trade Zone, Shanghai, CHN, 201202

Website

http://www.w-ibeda.com

Shanghai W-Ibeda High Tech Group Co Ltd is engaged in the research and development, design, manufacturing, sales and provision of related testing services for intelligent test equipment for automotive powertrains.

Executives

Wang Yu	Core technical personnel
Pan Min	Director
Zhang Jie Ping	Core technical personnel
	Core technical personnel

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Headlines

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