Guocheng Mining Co (SZSE:000688) COGS-to-Revenue : 0.62 (As of Mar. 2024)

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What is Guocheng Mining Co COGS-to-Revenue?

Guocheng Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥184 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥299 Mil.

Guocheng Mining Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Guocheng Mining Co's Gross Margin % for the three months ended in Mar. 2024 was 38.41%.

Guocheng Mining Co COGS-to-Revenue Historical Data

The historical data trend for Guocheng Mining 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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Guocheng Mining Co COGS-to-Revenue Chart

Guocheng Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.65

0.61

0.69

0.63

0.64

Guocheng Mining 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															0.53	0.71	0.63	0.66	0.62

Guocheng Mining Co COGS-to-Revenue Calculation

Guocheng Mining 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
	=	760.345	/	1195.842
	=	0.64

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	184.077	/	298.885
	=	0.62

Guocheng Mining Co (SZSE:000688) COGS-to-Revenue Explanation

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

Guocheng Mining 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	-	184.077 / 298.885
	=	38.41 %

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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Guocheng Mining Co (SZSE:000688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guocheng Mining Co Ltd (SZSE:000688) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No.164 Xinnan Road, Room 808, Crystal International, North New District, Chongqing, CHN, 401147

Website

http://www.jianxin0688.com

Guocheng Mining Co Ltd is a China-based company engaged in the production and sales of non-ferrous metal mining, mineral processing, and downstream sulfuric acid. The product portfolio of the company includes zinc concentrate, lead concentrate, and zinc ingots. In addition, the company also invests in the financial and environmental protection of new energy industries.

Guocheng Mining Co (SZSE:000688) Headlines

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