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Yuan Longping High-tech Agriculture Co (SZSE:000998) COGS-to-Revenue : 0.61 (As of Mar. 2024)


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What is Yuan Longping High-tech Agriculture Co COGS-to-Revenue?

Yuan Longping High-tech Agriculture Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,268 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,072 Mil.

Yuan Longping High-tech Agriculture Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Yuan Longping High-tech Agriculture Co's Gross Margin % for the three months ended in Mar. 2024 was 38.80%.


Yuan Longping High-tech Agriculture Co COGS-to-Revenue Historical Data

The historical data trend for Yuan Longping High-tech Agriculture 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.

Yuan Longping High-tech Agriculture Co COGS-to-Revenue Chart

Yuan Longping High-tech Agriculture 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 0.61 0.61 0.66 0.61 0.60

Yuan Longping High-tech Agriculture 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 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 0.58 0.98 0.69 0.61 0.61

Yuan Longping High-tech Agriculture Co COGS-to-Revenue Calculation

Yuan Longping High-tech Agriculture 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
=5555.72 / 9223.217
=0.60

Yuan Longping High-tech Agriculture Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1268.268 / 2072.229
=0.61

* 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.


Yuan Longping High-tech Agriculture Co  (SZSE:000998) COGS-to-Revenue Explanation

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

Yuan Longping High-tech Agriculture 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 - 1268.268 / 2072.229
=38.80 %

* 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.


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Yuan Longping High-tech Agriculture Co (SZSE:000998) Business Description

Traded in Other Exchanges
N/A
Address
No.459 Chezhan(N)Road, Securities Building, Hunan Province, Changsha, CHN, 410001
Yuan Longping High-tech Agriculture Co Ltd is a China-based company engaged in the research, production, and sale of seeds, hybrid rice, pepper, corn, cotton, and vegetables. In addition, the company also provides agricultural services like precision planting technology, new professional peasant training, quality grain trading platform, cultivated land rehabilitation and development, brand agriculture and agricultural finance. The company creates an agricultural integrated service platform by including peasants, dealers and other means of agricultural production, finance, and other partners into the integrated service ecological circle.

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