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Hongda Xingye Co (SZSE:002002) COGS-to-Revenue : 0.97 (As of Sep. 2023)


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What is Hongda Xingye Co COGS-to-Revenue?

Hongda Xingye Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥264 Mil. Its Revenue for the three months ended in Sep. 2023 was ¥271 Mil.

Hongda Xingye Co's COGS to Revenue for the three months ended in Sep. 2023 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hongda Xingye Co's Gross Margin % for the three months ended in Sep. 2023 was 2.52%.

Hongda Xingye Co COGS-to-Revenue Historical Data

The historical data trend for Hongda Xingye 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.

Hongda Xingye Co COGS-to-Revenue Chart

Hongda Xingye Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.70 0.66 0.70 0.71

Hongda Xingye Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.76 0.54 0.81 1.23 0.97

Hongda Xingye Co COGS-to-Revenue Calculation

Hongda Xingye Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=3423.316 / 4822.448
=0.71

Hongda Xingye Co's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=263.919 / 270.748
=0.97

* 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.

Hongda Xingye Co  (SZSE:002002) COGS-to-Revenue Explanation

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

Hongda Xingye Co's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 263.919 / 270.748
=2.52 %

* 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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Hongda Xingye Co (SZSE:002002) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hongda Xingye Co Ltd (SZSE:002002) » Definitions » COGS-to-Revenue
Comparable Companies
SZSE:300980 SZSE:300243 SHSE:603172 SZSE:002809 SZSE:300658 SZSE:300731 SZSE:300721 SZSE:300922 BJSE:873001 SHSE:688669 LIN XPAR:AI SHW ECL APD XSWX:SIKA XSWX:GIVN BOM:500820 PPG SHSE:600309
Traded in Other Exchanges
N/A
Address
No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385
Website
http://www.002002.cn
Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.
Executives
Chen Yong Supervisors
Liao Rui Hao Independent director
Zhou Yi Feng Directors, executives
Lin Shao Han Secretary, Director
Liu Dong Sheng Independent director
Wang Yu Yue Directors, executives
Yu Jing Securities Affairs Representative
Huang Ze Jun Executives
Ni Bao Zhu Executives
Fan Yu Ren Director

Hongda Xingye Co (SZSE:002002) Headlines

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