Hangzhou Pinming Software Co (SHSE:688109) COGS-to-Revenue : 0.25 (As of Mar. 2024)

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What is Hangzhou Pinming Software Co COGS-to-Revenue?

Hangzhou Pinming Software Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥14.9 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥58.8 Mil.

Hangzhou Pinming Software Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.25.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hangzhou Pinming Software Co's Gross Margin % for the three months ended in Mar. 2024 was 74.58%.

Hangzhou Pinming Software Co COGS-to-Revenue Historical Data

The historical data trend for Hangzhou Pinming Software 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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Hangzhou Pinming Software Co COGS-to-Revenue Chart

Hangzhou Pinming Software Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.16

0.18

0.22

0.27

0.24

Hangzhou Pinming Software 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															0.26	0.26	0.24	0.21	0.25

Hangzhou Pinming Software Co COGS-to-Revenue Calculation

Hangzhou Pinming Software 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
	=	102.806	/	435.706
	=	0.24

Hangzhou Pinming Software Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	14.945	/	58.792
	=	0.25

Hangzhou Pinming Software Co (SHSE:688109) COGS-to-Revenue Explanation

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

Hangzhou Pinming Software 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	-	14.945 / 58.792
	=	74.58 %

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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Hangzhou Pinming Software Co (SHSE:688109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Pinming Software Co Ltd (SHSE:688109) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

No. 3, Xidoumen Road, Block C, 5th Floor, Building B, Paradise Software Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.pinming.cn

Hangzhou Pinming Software Co Ltd is a provider of applied technology and products of digital construction in the construction phase. It focuses on the field of engineering construction information technology. Its business covers engineering cost, construction software, BIM software, smart construction sites, and universities. , Industry supervision, infrastructure and others.

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