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Changhong Meiling Co (SZSE:000521) COGS-to-Revenue : 0.87 (As of Mar. 2024)


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What is Changhong Meiling Co COGS-to-Revenue?

Changhong Meiling Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,145 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥5,940 Mil.

Changhong Meiling Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Changhong Meiling Co's Gross Margin % for the three months ended in Mar. 2024 was 13.39%.

Changhong Meiling Co COGS-to-Revenue Historical Data

The historical data trend for Changhong Meiling 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.

* Premium members only.

Changhong Meiling Co COGS-to-Revenue Chart

Changhong Meiling Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.84 0.88 0.86 0.86

Changhong Meiling 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.88 0.85 0.84 0.87

Changhong Meiling Co COGS-to-Revenue Calculation

Changhong Meiling 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
=20866.556 / 24247.679
=0.86

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

COGS to Revenue=Cost of Goods Sold / Revenue
=5144.643 / 5940.062
=0.87

* 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.

Changhong Meiling Co  (SZSE:000521) COGS-to-Revenue Explanation

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

Changhong Meiling 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 - 5144.643 / 5940.062
=13.39 %

* 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.

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.

Changhong Meiling Co COGS-to-Revenue Related Terms

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Changhong Meiling Co (SZSE:000521) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Changhong Meiling Co Ltd (SZSE:000521) » Definitions » COGS-to-Revenue
Comparable Companies
SZSE:002959 SZSE:301061 SZSE:002242 SHSE:603219 SZSE:002543 SHSE:600651 SHSE:603008 SZSE:002668 SZSE:002818 SHSE:603801 SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SN TPX MHK XPAR:SK SZSE:002032 SZSE:000921
Traded in Other Exchanges
200521:China
Address
No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601
Website
http://www.meiling.com
Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.
Executives
Tang You Dao Executives
Li Xia Secretary Dong
Zhong Ming Directors, executives
Li Wei Director
Wu Ding Gang Directors, executives
Zhang Xiao Long Executives
Liao Tao Executives
Shang Wen Supervisors
Kou Hua Meng Director
Deng Xiao Hui Executives
Wang Ying Min Executives
Wang Yong Director
Liu Ti Bin Director

Changhong Meiling Co (SZSE:000521) Headlines

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