111 (STU:811A) COGS-to-Revenue : 0.94 (As of Mar. 2024)

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What is 111 COGS-to-Revenue?

111's Cost of Goods Sold for the three months ended in Mar. 2024 was €424 Mil. Its Revenue for the three months ended in Mar. 2024 was €451 Mil.

111's COGS to Revenue for the three months ended in Mar. 2024 was 0.94.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. 111's Gross Margin % for the three months ended in Mar. 2024 was 5.91%.

111 COGS-to-Revenue Historical Data

The historical data trend for 111'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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111 COGS-to-Revenue Chart

111 Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.96

0.95

0.94

111 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															0.94	0.94	0.95	0.95	0.94

111 COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1810.723	/	1919.755
	=	0.94

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	424.121	/	450.761
	=	0.94

111 (STU:811A) COGS-to-Revenue Explanation

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

111'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	-	424.121 / 450.761
	=	5.91 %

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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111 (STU:811A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » 111 Inc (STU:811A) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

YI:USA 811A:Germany

Address

No.295 ZuChongZhi Road, 3rd-5th Floors, Pudong New Area, Shanghai, CHN, 201203

Website

https://ir.111.com.cn

111 Inc operates an integrated online and offline platform in the healthcare ecosystem in China, whereby the Group is engaged in the sales of medical and wellness products through online retail and wholesale pharmacies and offline retail pharmacies, as well as the provision of certain value-added services, such as online consultation services and e-prescription services to consumers in the People's Republic of China. The company has two operating segments: the B2C segment and B2B segment whereby the B2C business represents revenue generated from individual consumers while the B2B business represents revenue generated from corporate customers. It derives a majority of its revenue from the B2B segment.

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