Farasis Energy (Gan Zhou) Co (SHSE:688567) COGS-to-Revenue : 0.88 (As of Mar. 2024)

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What is Farasis Energy (Gan Zhou) Co COGS-to-Revenue?

Farasis Energy (Gan Zhou) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,577 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,924 Mil.

Farasis Energy (Gan Zhou) Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Farasis Energy (Gan Zhou) Co's Gross Margin % for the three months ended in Mar. 2024 was 11.89%.

Farasis Energy (Gan Zhou) Co COGS-to-Revenue Historical Data

The historical data trend for Farasis Energy (Gan Zhou) 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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Farasis Energy (Gan Zhou) Co COGS-to-Revenue Chart

Farasis Energy (Gan Zhou) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.84

1.03

0.92

0.93

Farasis Energy (Gan Zhou) 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															0.98	0.97	0.95	0.86	0.88

Farasis Energy (Gan Zhou) Co COGS-to-Revenue Calculation

Farasis Energy (Gan Zhou) 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
	=	15311.44	/	16436.419
	=	0.93

Farasis Energy (Gan Zhou) Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2576.601	/	2924.212
	=	0.88

Farasis Energy (Gan Zhou) Co (SHSE:688567) COGS-to-Revenue Explanation

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

Farasis Energy (Gan Zhou) 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	-	2576.601 / 2924.212
	=	11.89 %

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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Farasis Energy (Gan Zhou) Co (SHSE:688567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Farasis Energy (Gan Zhou) Co Ltd (SHSE:688567) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

West side of Caidie Road, north side of Jinling West Road, Ganzhou Economic and Technological Development Zone, Jiangxi Province, Nanjing, CHN, 341000

Website

http://www.farasisenergy.com.cn

Farasis Energy (Gan Zhou) Co Ltd is engaged in the production and sales of lithium-ion power batteries and vehicle battery systems for new energy vehicles and provides overall solutions for power batteries for new energy vehicle manufacturers.

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