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Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) COGS-to-Revenue : 1.23 (As of Mar. 2024)


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What is Xinjiang Zhundong Petroleum Technology Co COGS-to-Revenue?

Xinjiang Zhundong Petroleum Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥51.2 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥41.6 Mil.

Xinjiang Zhundong Petroleum Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 1.23.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xinjiang Zhundong Petroleum Technology Co's Gross Margin % for the three months ended in Mar. 2024 was -22.93%.

Xinjiang Zhundong Petroleum Technology Co COGS-to-Revenue Historical Data

The historical data trend for Xinjiang Zhundong Petroleum Technology 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.

Xinjiang Zhundong Petroleum Technology Co COGS-to-Revenue Chart

Xinjiang Zhundong Petroleum Technology 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 0.84 0.93 1.08 1.13 0.97

Xinjiang Zhundong Petroleum Technology 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 1.33 0.94 0.90 0.94 1.23

Xinjiang Zhundong Petroleum Technology Co COGS-to-Revenue Calculation

Xinjiang Zhundong Petroleum Technology 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
=264.071 / 271.754
=0.97

Xinjiang Zhundong Petroleum Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=51.174 / 41.629
=1.23

* 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.

Xinjiang Zhundong Petroleum Technology Co  (SZSE:002207) COGS-to-Revenue Explanation

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

Xinjiang Zhundong Petroleum Technology 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 - 51.174 / 41.629
=-22.93 %

* 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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Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Zhundong Petroleum Technology Co Ltd (SZSE:002207) » Definitions » COGS-to-Revenue
Comparable Companies
SZSE:002629 BJSE:832225 BJSE:834014 SZSE:301158 SZSE:300157 BJSE:836717 SHSE:601798 SZSE:300164 SZSE:300084 SHSE:603318 SLB BKR HAL MIL:TEN FTI NOV SHSE:601808 WFRD ASX:WOR CHX
Traded in Other Exchanges
N/A
Address
No. 251 Youyi Road, Xinjiang Uygur Autonomous Region, Karamay, CHN, 831511
Website
http://www.zygf.com.cn
Xinjiang Zhundong Petroleum Technology Co Ltd is engaged in providing oilfield dynamic monitoring and enhanced oil recovery technology services for oil and natural gas mining enterprises. The business of the company includes petroleum technology services, transportation services, and sales of chemical products. The services include well testing, production testing, water shutoff, profile control, and coiled tubing operations.
Executives
Lv Zhan Min Directors, Directors, and Executives
Jian Wei Directors, executives
Ai Ke Bai Er Mai Mai Ti Supervisors
Zhao Shu Zhi Supervisors
Shi Qiang Executives
Gu Yu Rong Independent director
Wang Yu Xin Executives
Cao Hao Director
Liu Jun Supervisors
Zuo Jun Supervisors
Ai Ke Bai Er Mai Mai Ti Supervisors
Ding Hao Supervisors
Xu Wen Shi Executives
Chang Wen Jiu Directors, executives
Tao Wei Supervisors

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