Daqing Huake Co (SZSE:000985) COGS-to-Revenue : 0.94 (As of Mar. 2024)

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What is Daqing Huake Co COGS-to-Revenue?

Daqing Huake Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥454 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥483 Mil.

Daqing Huake 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. Daqing Huake Co's Gross Margin % for the three months ended in Mar. 2024 was 6.00%.

Daqing Huake Co COGS-to-Revenue Historical Data

The historical data trend for Daqing Huake 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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Daqing Huake Co COGS-to-Revenue Chart

Daqing Huake Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.92

0.93

0.94

0.96

0.95

Daqing Huake 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															0.96	0.96	0.94	0.92	0.94

Daqing Huake Co COGS-to-Revenue Calculation

Daqing Huake 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
	=	1893.927	/	2000.205
	=	0.95

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	453.842	/	482.82
	=	0.94

Daqing Huake Co (SZSE:000985) COGS-to-Revenue Explanation

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

Daqing Huake 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	-	453.842 / 482.82
	=	6.00 %

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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Daqing Huake Co (SZSE:000985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daqing Huake Co Ltd (SZSE:000985) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 239 Jianshe Road, High-tech Industrial Development Zone, Heilongjiang Province, Daqing, CHN, 163316

Website

http://www.huake.com

Daqing Huake Co Ltd is a China-based company primarily engaged in the production and sale of refined chemical products. The company's main products include hydrogenated pentene, polypropylene, heavy aromatic hydrocarbons, ethylene tar, piperylene petroleum, crude isoprene and light aromatic hydrocarbons.

Daqing Huake Co (SZSE:000985) Headlines

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