Iflytek Co (SZSE:002230) COGS-to-Revenue : 0.62 (As of Mar. 2024)

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What is Iflytek Co COGS-to-Revenue?

Iflytek Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,258 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥3,646 Mil.

Iflytek Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Iflytek Co's Gross Margin % for the three months ended in Mar. 2024 was 38.06%.

Iflytek Co COGS-to-Revenue Historical Data

The historical data trend for Iflytek 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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Iflytek Co COGS-to-Revenue Chart

Iflytek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.54

0.55

0.59

0.57

Iflytek 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															0.58	0.61	0.59	0.53	0.62

Iflytek Co COGS-to-Revenue Calculation

Iflytek 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
	=	11266.546	/	19650.329
	=	0.57

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2258.327	/	3646.215
	=	0.62

Iflytek Co (SZSE:002230) COGS-to-Revenue Explanation

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

Iflytek 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	-	2258.327 / 3646.215
	=	38.06 %

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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Iflytek Co (SZSE:002230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Iflytek Co Ltd (SZSE:002230) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Intelligent Speech High-tech Industrialization Base, No. 666, Wangjiang Road West, Anhui Province, Hefei, CHN, 230088

Website

http://www.iflytek.com

Iflytek Co Ltd is a software enterprise, which is dedicated towards research of intelligent speech and language technologies. The speech technologies comprise speech synthesis and speech recognition to enable human-machine speech communication as convenient as human-human communication. In addition, the speech technologies also include oral language evaluation, speech coding, timbre transformation and noise reduction.

Executives

Liu Qing Feng	Director
Shu Hua Ying	Independent director
Hu Yu	Directors, executives
Chen Tao	Directors, executives
Wu Xiao Ru	Directors, executives
Jiang Tao	Directors, executives
Nie Xiao Lin	Directors, executives
Du Lan	Executives
Zhang Shao Bing	Executives
Zhang Lan	Supervisors
Zhao Hui Fang	Independent director
Xu Yu Lin	Supervisors
Yan Jun	Supervisors
Li Jian	Independent director
Yang Rui	Securities Affairs Representative

Iflytek Co (SZSE:002230) Headlines

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