Niutech Environment Technology (SHSE:688309) COGS-to-Revenue : 0.71 (As of Jun. 2024)

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What is Niutech Environment Technology COGS-to-Revenue?

Niutech Environment Technology's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥12.45 Mil. Its Revenue for the three months ended in Jun. 2024 was ¥17.47 Mil.

Niutech Environment Technology's COGS to Revenue for the three months ended in Jun. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Niutech Environment Technology's Gross Margin % for the three months ended in Jun. 2024 was 28.72%.

Niutech Environment Technology COGS-to-Revenue Historical Data

The historical data trend for Niutech Environment Technology'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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Niutech Environment Technology COGS-to-Revenue Chart

Niutech Environment Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.54

0.48

0.53

0.58

0.45

Niutech Environment Technology Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial															0.50	0.54	0.22	0.44	0.71

Niutech Environment Technology COGS-to-Revenue Calculation

Niutech Environment Technology's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	74.359	/	163.916
	=	0.45

Niutech Environment Technology's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12.454	/	17.473
	=	0.71

Niutech Environment Technology (SHSE:688309) COGS-to-Revenue Explanation

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

Niutech Environment Technology's Gross Margin % for the three months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	12.454 / 17.473
	=	28.72 %

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.

Niutech Environment Technology COGS-to-Revenue Related Terms

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Niutech Environment Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Niutech Environment Technology Corp (SHSE:688309) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 9889 Haitang Road, High-tech Zone, Shandong Province, Jinan, CHN, 250031

Website

http://www.niutech.com

Niutech Environment Technology Corp is engaged in organic waste cracking technology research and development and related equipment design, production and sales. The company specializes in high polymer waste, such as waste tyre, waste plastic, oil sludge, waste oil, biomass, hazard waste and municipal sludge Pyrolysis technology and equipment manufacturing and product sales.

Niutech Environment Technology Headlines

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