Anhui Ankai Automobile Co (SZSE:000868) COGS-to-Revenue : 0.91 (As of Mar. 2024)

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What is Anhui Ankai Automobile Co COGS-to-Revenue?

Anhui Ankai Automobile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥522 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥573 Mil.

Anhui Ankai Automobile Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Anhui Ankai Automobile Co's Gross Margin % for the three months ended in Mar. 2024 was 8.85%.

Anhui Ankai Automobile Co COGS-to-Revenue Historical Data

The historical data trend for Anhui Ankai Automobile 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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Anhui Ankai Automobile Co COGS-to-Revenue Chart

Anhui Ankai Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.87

0.93

0.94

0.92

Anhui Ankai Automobile 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															0.92	0.96	0.88	0.92	0.91

Anhui Ankai Automobile Co COGS-to-Revenue Calculation

Anhui Ankai Automobile 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
	=	1967.991	/	2146.446
	=	0.92

Anhui Ankai Automobile Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	521.948	/	572.599
	=	0.91

Anhui Ankai Automobile Co (SZSE:000868) COGS-to-Revenue Explanation

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

Anhui Ankai Automobile 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	-	521.948 / 572.599
	=	8.85 %

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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Anhui Ankai Automobile Co (SZSE:000868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Anhui Ankai Automobile Co Ltd (SZSE:000868) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No.99, Huayuan Avenue, Hefei, CHN

Website

http://www.ankai.com

Anhui Ankai Automobile Co Ltd is a China-based company operates in the business of busses. It manufactures and sells large, medium, and light buses and their automotive parts. It offers Coach, City bus, School bus and New energy bus. Geographically the business activities are carried out through China and its products are exported to developed countries and regions, including U.S., UK, Australia, Dubai, Hong Kong, and Macau.

Executives

Shi Xiao Hong	Supervisors
Zhang Han Dong	Director
Dong Gang	Executives
Sheng Xia	Securities Affairs Representative
Li Qiang	Director

Anhui Ankai Automobile Co (SZSE:000868) Headlines

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