Gree Electric Appliances of Zhuhai (SZSE:000651) COGS-to-Revenue : 0.72 (As of Mar. 2025)

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What is Gree Electric Appliances of Zhuhai COGS-to-Revenue?

Gree Electric Appliances of Zhuhai's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥30,150 Mil. Its Revenue for the three months ended in Mar. 2025 was ¥41,639 Mil.

Gree Electric Appliances of Zhuhai's COGS to Revenue for the three months ended in Mar. 2025 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gree Electric Appliances of Zhuhai's Gross Margin % for the three months ended in Mar. 2025 was 27.59%.

Gree Electric Appliances of Zhuhai COGS-to-Revenue Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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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Gree Electric Appliances of Zhuhai COGS-to-Revenue Chart

Gree Electric Appliances of Zhuhai Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.73

0.75

0.74

0.70

Gree Electric Appliances of Zhuhai Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.71	0.68	0.70	0.73	0.72

Gree Electric Appliances of Zhuhai COGS-to-Revenue Calculation

Gree Electric Appliances of Zhuhai's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	133496.12	/	190038.072
	=	0.70

Gree Electric Appliances of Zhuhai's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30150.364	/	41639.05
	=	0.72

Gree Electric Appliances of Zhuhai (SZSE:000651) COGS-to-Revenue Explanation

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

Gree Electric Appliances of Zhuhai's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	30150.364 / 41639.05
	=	27.59 %

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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Gree Electric Appliances of Zhuhai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Gree Electric Appliances Inc of Zhuhai (SZSE:000651) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070

Website

http://www.gree.com.cn

Gree Electric Appliances is one of the largest heating, ventilating, and air conditioning, or HVAC, product manufacturers in China, with key products such as residential and commercial air conditioners. Gree generates over 80% of sales domestically and is backed by China's Zhuhai local government. Air conditioners remain the biggest contributor to Gree's earnings, with an over 70% representation over the years. The company has also made forays into industrial component parts, photovoltaic equipment, new energy vehicles, and battery production. As of March 2025, Chairwoman Dong Mingzhu and privately owned investment entity Zhuhai Mingjun collectively held 18% of its total equity interest, while state-owned Zhuhai Gree Group owned about 3.5%.

Executives

Deng Xiao Bo	Secretary, Director
Duan Xiu Feng	Supervisors
Zhang Wei	Director
Tan Jian Ming	Executives
Huang Hui	Directors, executives
Zhang Jun Du	Director
Xu Zi Fa	Director
Dong Ming Zhu	Directors, executives
Liu Jun	Executives
Wang Jing Dong	Directors, executives
Yang Yong Xing	Securities Affairs Representative
Chen Wei Cai	Executives
Wang Li Qin	Supervisors
Meng Xiang Kai	Director
Zhuang Pei	Executives

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