Ninebot (SHSE:689009) COGS-to-Revenue : 0.70 (As of Mar. 2024)

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What is Ninebot COGS-to-Revenue?

Ninebot's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,781 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,562 Mil.

Ninebot's COGS to Revenue for the three months ended in Mar. 2024 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ninebot's Gross Margin % for the three months ended in Mar. 2024 was 30.48%.

Ninebot COGS-to-Revenue Historical Data

The historical data trend for Ninebot'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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Ninebot COGS-to-Revenue Chart

Ninebot Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.73

0.74

0.77

0.74

0.73

Ninebot 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															0.72	0.73	0.75	0.72	0.70

Ninebot COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7472.399	/	10222.083
	=	0.73

Ninebot's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1781.353	/	2562.404
	=	0.70

Ninebot (SHSE:689009) COGS-to-Revenue Explanation

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

Ninebot'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	-	1781.353 / 2562.404
	=	30.48 %

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.

Ninebot COGS-to-Revenue Related Terms

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Ninebot (SHSE:689009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ninebot Ltd (SHSE:689009) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Xixiaokou Road, Zhongguancun Dongsheng Science and Technology Park, Building A, Haidian District, Beijing, CHN, 100192

Website

https://www.ninebot.com

Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting.

Executives

Zhao Xin	senior management
Liu Miao	senior management
Fan Xiao Jin	senior management
Zhang Zhen Yuan	Senior management, core technical personnel
Huang Chen	senior management
Chen Zi Chong	Core technical personnel

Ninebot (SHSE:689009) Headlines

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