Shandong Tengda Fasten Tech Co (SZSE:001379) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Shandong Tengda Fasten Tech Co COGS-to-Revenue?

Shandong Tengda Fasten Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥380 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥412 Mil.

Shandong Tengda Fasten Tech Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shandong Tengda Fasten Tech Co's Gross Margin % for the three months ended in Mar. 2024 was 7.69%.

Shandong Tengda Fasten Tech Co COGS-to-Revenue Historical Data

The historical data trend for Shandong Tengda Fasten Tech 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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Shandong Tengda Fasten Tech Co COGS-to-Revenue Chart

Shandong Tengda Fasten Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.91

0.90

0.87

0.89

Shandong Tengda Fasten Tech Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							0.86	0.90	0.89	0.93	0.92

Shandong Tengda Fasten Tech Co COGS-to-Revenue Calculation

Shandong Tengda Fasten Tech 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
	=	1548.183	/	1734.735
	=	0.89

Shandong Tengda Fasten Tech Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	380.365	/	412.034
	=	0.92

Shandong Tengda Fasten Tech Co (SZSE:001379) COGS-to-Revenue Explanation

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

Shandong Tengda Fasten Tech 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	-	380.365 / 412.034
	=	7.69 %

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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Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Tengda Fasten Tech Co Ltd (SZSE:001379) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

Website

Shandong Tengda Fasten Tech Co Ltd is engaged in research and development, production and sales of stainless steel fastener products. Its product include bolt, nut, screws, washer, rivet, wood etc.

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