Shenyang Fortune Precision Equipment Co (SHSE:688409) COGS-to-Revenue : 0.75 (As of Mar. 2024)

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What is Shenyang Fortune Precision Equipment Co COGS-to-Revenue?

Shenyang Fortune Precision Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥523 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥701 Mil.

Shenyang Fortune Precision Equipment Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shenyang Fortune Precision Equipment Co's Gross Margin % for the three months ended in Mar. 2024 was 25.39%.

Shenyang Fortune Precision Equipment Co COGS-to-Revenue Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co COGS-to-Revenue Chart

Shenyang Fortune Precision Equipment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.83

0.68

0.67

0.75

Shenyang Fortune Precision Equipment Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial											0.71	0.74	0.74	0.79	0.75

Shenyang Fortune Precision Equipment Co COGS-to-Revenue Calculation

Shenyang Fortune Precision Equipment 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
	=	1545.204	/	2065.756
	=	0.75

Shenyang Fortune Precision Equipment Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	523.347	/	701.476
	=	0.75

Shenyang Fortune Precision Equipment Co (SHSE:688409) COGS-to-Revenue Explanation

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

Shenyang Fortune Precision Equipment 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	-	523.347 / 701.476
	=	25.39 %

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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Shenyang Fortune Precision Equipment Co (SHSE:688409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.fortune-semi.com

Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

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