Suzhou Iron Technology Co (SHSE:688329) COGS-to-Revenue : 0.58 (As of Mar. 2024)

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What is Suzhou Iron Technology Co COGS-to-Revenue?

Suzhou Iron Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥32.3 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥55.8 Mil.

Suzhou Iron Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Suzhou Iron Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 42.13%.

Suzhou Iron Technology Co COGS-to-Revenue Historical Data

The historical data trend for Suzhou Iron Technology 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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Suzhou Iron Technology Co COGS-to-Revenue Chart

Suzhou Iron Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.43

0.41

0.40

0.47

Suzhou Iron Technology Co Quarterly Data
	Mar19	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															0.50	0.47	0.44	0.48	0.58

Suzhou Iron Technology Co COGS-to-Revenue Calculation

Suzhou Iron Technology 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
	=	169.844	/	363.551
	=	0.47

Suzhou Iron Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	32.302	/	55.821
	=	0.58

Suzhou Iron Technology Co (SHSE:688329) COGS-to-Revenue Explanation

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

Suzhou Iron Technology 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	-	32.302 / 55.821
	=	42.13 %

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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Suzhou Iron Technology Co (SHSE:688329) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Suzhou Iron Technology Co Ltd (SHSE:688329) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Xinfa Road, Suzhou Industrial Park, Suzhou Area, Jiangsu Pilot Free Trade Zone, Suzhou, CHN, 215002

Website

http://www.iron-tech.cn

Suzhou Iron Technology Co Ltd provide overall solutions for the intelligent management of medical supplies for medical service institutions at all levels. The products mainly include coverage Intelligent management equipment and software information platform for medical supplies in three sectors namely smart pharmacy, smart ward, and smart logistics.

Executives

Li Zhao	senior management
Dong Qiu Ming	Supervisors

Suzhou Iron Technology Co (SHSE:688329) Headlines

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