CNFC Overseas Fisheries Co (SZSE:000798) COGS-to-Revenue : 0.94 (As of Mar. 2024)

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What is CNFC Overseas Fisheries Co COGS-to-Revenue?

CNFC Overseas Fisheries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥936 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥999 Mil.

CNFC Overseas Fisheries Co'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. CNFC Overseas Fisheries Co's Gross Margin % for the three months ended in Mar. 2024 was 6.28%.

CNFC Overseas Fisheries Co COGS-to-Revenue Historical Data

The historical data trend for CNFC Overseas Fisheries 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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CNFC Overseas Fisheries Co COGS-to-Revenue Chart

CNFC Overseas Fisheries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.96

1.20

1.13

0.91

0.95

CNFC Overseas Fisheries 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															0.99	-	0.98	0.89	0.94

CNFC Overseas Fisheries Co COGS-to-Revenue Calculation

CNFC Overseas Fisheries 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
	=	3835.803	/	4041.783
	=	0.95

CNFC Overseas Fisheries Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	936.208	/	998.94
	=	0.94

CNFC Overseas Fisheries Co (SZSE:000798) COGS-to-Revenue Explanation

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

CNFC Overseas Fisheries 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	-	936.208 / 998.94
	=	6.28 %

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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CNFC Overseas Fisheries Co (SZSE:000798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » CNFC Overseas Fisheries Co Ltd (SZSE:000798) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 31 Minfeng Hutong, Xicheng District, 6th Floor, Zhongshui Building, Beijing, CHN, 100032

Website

http://www.cofc.com.cn

CNFC Overseas Fisheries Co Ltd is a China-based company mainly engaged in distant water fishing operation and international economic and trading cooperation. It owns various ocean-going fishing vessels and carries out fishing operations in the Pacific Ocean, Indian Ocean, and the Atlantic Ocean. Its product offerings include squid from Argentina and Peru, saury, tuna, and by-catches as well as associated processed marine products. The company is also engaged in aquatic products trading, ship repair, import and export of fishing machinery, gears, other related equipment, and supplies.

CNFC Overseas Fisheries Co (SZSE:000798) Headlines

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