Huafon Chemical Co (SZSE:002064) COGS-to-Revenue : 0.84 (As of Mar. 2024)

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What is Huafon Chemical Co COGS-to-Revenue?

Huafon Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,583 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥6,657 Mil.

Huafon Chemical Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Huafon Chemical Co's Gross Margin % for the three months ended in Mar. 2024 was 16.13%.

Huafon Chemical Co COGS-to-Revenue Historical Data

The historical data trend for Huafon Chemical 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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Huafon Chemical Co COGS-to-Revenue Chart

Huafon Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.76

0.75

0.61

0.82

0.85

Huafon Chemical 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															0.82	0.83	0.86	0.88	0.84

Huafon Chemical Co COGS-to-Revenue Calculation

Huafon Chemical 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
	=	22262.192	/	26298.461
	=	0.85

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5583.312	/	6656.787
	=	0.84

Huafon Chemical Co (SZSE:002064) COGS-to-Revenue Explanation

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

Huafon Chemical 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	-	5583.312 / 6656.787
	=	16.13 %

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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Huafon Chemical Co (SZSE:002064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Huafon Chemical Co Ltd (SZSE:002064) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xincheng Town Industrial Park, Zhejiang Province, Ruian, CHN, 325200

Website

http://www.spandex.com.cn

Huafon Chemical Co Ltd is a China-based company engaged in the production sales of spandex fiber, polyurethane stock solution and refined adipic acid.

Executives

Li Yi Lun	Secretary, Director
Pan Ji Chu	Directors, executives
Yu Zhi Li	Executives
Xu Ning	Executives
Xi Qing	Executives
You Xiao Ping	Director
Xu Shu Yuan	Executives
Lin Jian Yi	Director
Zhuo Rui Mian	Supervisors
Chen Lin Zhen	Director
You Jin Ming	Supervisors
Yang Qing Wen	Director
Yang Cong Deng	Directors, executives
Duan Wei Dong	Supervisors

Huafon Chemical Co (SZSE:002064) Headlines

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