Guizhou Tyre Co (SZSE:000589) COGS-to-Revenue : 0.80 (As of Mar. 2024)

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What is Guizhou Tyre Co COGS-to-Revenue?

Guizhou Tyre Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,948 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,440 Mil.

Guizhou Tyre Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.80.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Guizhou Tyre Co's Gross Margin % for the three months ended in Mar. 2024 was 20.16%.

Guizhou Tyre Co COGS-to-Revenue Historical Data

The historical data trend for Guizhou Tyre 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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Guizhou Tyre Co COGS-to-Revenue Chart

Guizhou Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.80

0.76

0.84

0.83

0.78

Guizhou Tyre 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															0.82	0.77	0.76	0.77	0.80

Guizhou Tyre Co COGS-to-Revenue Calculation

Guizhou Tyre 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
	=	7468.755	/	9601.196
	=	0.78

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1947.879	/	2439.626
	=	0.80

Guizhou Tyre Co (SZSE:000589) COGS-to-Revenue Explanation

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

Guizhou Tyre 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	-	1947.879 / 2439.626
	=	20.16 %

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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Guizhou Tyre Co (SZSE:000589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guizhou Tyre Co Ltd (SZSE:000589) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 41 Baihua Avenue, Guizhou Province, Guiyang, CHN, 550008

Website

http://www.gztyre.com

Guizhou Tyre Co Ltd is engaged in the manufacture and distribution of tires and rubber mix products in China and abroad. It mainly produces brand car bias tires such as "forward" and "Hercules", all-steel radial tires, construction machinery tires, agricultural machinery tires, forestry machinery tires, industrial vehicle tires, mining tires and solid tires. Apart from selling in the Chinese market, the products of the group are exported to more than 70 countries and regions such as the United States, Britain, Italy and South Africa.

Executives

Luo Yan	Supervisors
Guan Zhou	Director
Feng Da Yuan	Executives
Li Shang Wu	Executives

Guizhou Tyre Co (SZSE:000589) Headlines

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