Jiangsu Azure (SZSE:002245) COGS-to-Revenue : 0.86 (As of Mar. 2024)

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What is Jiangsu Azure COGS-to-Revenue?

Jiangsu Azure's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,225 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,429 Mil.

Jiangsu Azure's COGS to Revenue for the three months ended in Mar. 2024 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Jiangsu Azure's Gross Margin % for the three months ended in Mar. 2024 was 14.27%.

Jiangsu Azure COGS-to-Revenue Historical Data

The historical data trend for Jiangsu Azure'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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Jiangsu Azure COGS-to-Revenue Chart

Jiangsu Azure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.87

0.84

0.80

0.84

0.87

Jiangsu Azure 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															0.91	0.84	0.88	0.87	0.86

Jiangsu Azure COGS-to-Revenue Calculation

Jiangsu Azure's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4553.472	/	5221.855
	=	0.87

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1225.343	/	1429.24
	=	0.86

Jiangsu Azure (SZSE:002245) COGS-to-Revenue Explanation

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

Jiangsu Azure'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	-	1225.343 / 1429.24
	=	14.27 %

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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Jiangsu Azure (SZSE:002245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jiangsu Azure Corp (SZSE:002245) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 10, Xinjing Middle Road, Yangshe Town, Jiangsu Province, Jiangsu, Zhangjiagang, CHN, 215618

Website

http://www.aucksun.com

Jiangsu Azure Corp formerly Jiangsu Aucksun Co Ltd is a China-based company engaged in the areas of metal logistics and distribution, LED chips and new energy lithium batteries. The company provides complete supply chain services for warehousing, sorting, arranging, packaging, distribution and processing of metal materials.

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