Solax Power Network Technology (Zhejiang) Co (SHSE:688717) COGS-to-Revenue : 0.60 (As of Mar. 2024)

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What is Solax Power Network Technology (Zhejiang) Co COGS-to-Revenue?

Solax Power Network Technology (Zhejiang) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥410 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥684 Mil.

Solax Power Network Technology (Zhejiang) Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Solax Power Network Technology (Zhejiang) Co's Gross Margin % for the three months ended in Mar. 2024 was 40.05%.

Solax Power Network Technology (Zhejiang) Co COGS-to-Revenue Historical Data

The historical data trend for Solax Power Network Technology (Zhejiang) 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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Solax Power Network Technology (Zhejiang) Co COGS-to-Revenue Chart

Solax Power Network Technology (Zhejiang) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.63

0.58

0.61

0.60

Solax Power Network Technology (Zhejiang) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							0.60	0.58	0.56	0.71	0.60

Solax Power Network Technology (Zhejiang) Co COGS-to-Revenue Calculation

Solax Power Network Technology (Zhejiang) 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
	=	2688.281	/	4472.96
	=	0.60

Solax Power Network Technology (Zhejiang) Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	410.214	/	684.282
	=	0.60

Solax Power Network Technology (Zhejiang) Co (SHSE:688717) COGS-to-Revenue Explanation

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

Solax Power Network Technology (Zhejiang) 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	-	410.214 / 684.282
	=	40.05 %

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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Solax Power Network Technology (Zhejiang) Co (SHSE:688717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solax Power Network Technology (Zhejiang) Co Ltd (SHSE:688717) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 333 Lianhua Street, 9th Floor, Tower C, Lianhua Business Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

https://www.solaxpower.com.cn

Solax Power Network Technology (Zhejiang) Co Ltd is engaged in providing photovoltaic energy storage systems and products.

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