Jiangsu Longda Superalloy Co (SHSE:688231) COGS-to-Revenue : 0.85 (As of Mar. 2024)

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What is Jiangsu Longda Superalloy Co COGS-to-Revenue?

Jiangsu Longda Superalloy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥270 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥317 Mil.

Jiangsu Longda Superalloy Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Jiangsu Longda Superalloy Co's Gross Margin % for the three months ended in Mar. 2024 was 14.69%.

Jiangsu Longda Superalloy Co COGS-to-Revenue Historical Data

The historical data trend for Jiangsu Longda Superalloy 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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Jiangsu Longda Superalloy Co COGS-to-Revenue Chart

Jiangsu Longda Superalloy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.87

0.80

0.82

0.85

Jiangsu Longda Superalloy Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												0.85	0.84	0.83	0.87	0.85

Jiangsu Longda Superalloy Co COGS-to-Revenue Calculation

Jiangsu Longda Superalloy 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
	=	1022.104	/	1207.662
	=	0.85

Jiangsu Longda Superalloy Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	270.027	/	316.539
	=	0.85

Jiangsu Longda Superalloy Co (SHSE:688231) COGS-to-Revenue Explanation

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

Jiangsu Longda Superalloy 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	-	270.027 / 316.539
	=	14.69 %

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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Jiangsu Longda Superalloy Co (SHSE:688231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Longda Superalloy Co Ltd (SHSE:688231) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 18, Xiangyun Road, Anzhen Street, Xishan District, Jiangsu Province, Wuxi, CHN, 214105

Website

http://www.wxlongda.com

Jiangsu Longda Superalloy Co Ltd is engaged in the research and development, production and sales of alloy materials.

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