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Hisense Home Appliances Group Co (SZSE:000921) COGS-to-Revenue : 0.79 (As of Jun. 2024)


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What is Hisense Home Appliances Group Co COGS-to-Revenue?

Hisense Home Appliances Group Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥19,885 Mil. Its Revenue for the three months ended in Jun. 2024 was ¥25,156 Mil.

Hisense Home Appliances Group Co's COGS to Revenue for the three months ended in Jun. 2024 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hisense Home Appliances Group Co's Gross Margin % for the three months ended in Jun. 2024 was 20.95%.

Hisense Home Appliances Group Co COGS-to-Revenue Historical Data

The historical data trend for Hisense Home Appliances Group 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.

* Premium members only.

Hisense Home Appliances Group Co COGS-to-Revenue Chart

Hisense Home Appliances Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.76 0.80 0.79 0.78

Hisense Home Appliances Group Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.77 0.78 0.78 0.79

Hisense Home Appliances Group Co COGS-to-Revenue Calculation

Hisense Home Appliances Group 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
=66696.116 / 85600.189
=0.78

Hisense Home Appliances Group Co's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=19885.33 / 25155.554
=0.79

* 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.

Hisense Home Appliances Group Co  (SZSE:000921) COGS-to-Revenue Explanation

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

Hisense Home Appliances Group Co's Gross Margin % for the three months ended in Jun. 2024 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 19885.33 / 25155.554
=20.95 %

* 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.

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.

Hisense Home Appliances Group Co COGS-to-Revenue Related Terms

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Hisense Home Appliances Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (SZSE:000921) » Definitions » COGS-to-Revenue
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SHSE:603833 SHSE:600839 SHSE:603486 SZSE:002032 SHSE:603816 SZSE:002508 SZSE:002572 SHSE:603355 SZSE:001323 SHSE:603515 SZSE:000333 SZSE:000651 SHSE:600690 TSE:9843 SN MHK TPX SHSE:605117 LSE:HWDN XPAR:SK
Traded in Other Exchanges
HISEF:USA 00921:Hong Kong GKE:Germany
Address
No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303
Website
https://hxjd.hisense.cn
Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.
Executives
Tang Ye Guo Directors, executives
Fan Wei Supervisors
Dai Hui Zhong Director
Jia Shao Qian Directors, executives
Wang Zhi Gang Executives
Xiao Jian Lin Directors, executives
Wang Jiu Cun Executives

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