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Shanghai Morn Electric Equipment Co (SZSE:002451) COGS-to-Revenue : 0.91 (As of Mar. 2024)


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What is Shanghai Morn Electric Equipment Co COGS-to-Revenue?

Shanghai Morn Electric Equipment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥214 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥235 Mil.

Shanghai Morn Electric Equipment Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai Morn Electric Equipment Co's Gross Margin % for the three months ended in Mar. 2024 was 9.00%.

Shanghai Morn Electric Equipment Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai Morn Electric Equipment 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.

Shanghai Morn Electric Equipment Co COGS-to-Revenue Chart

Shanghai Morn Electric Equipment 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 0.81 0.83 0.89 0.87 0.88

Shanghai Morn Electric Equipment 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 0.87 0.88 0.88 0.90 0.91

Shanghai Morn Electric Equipment Co COGS-to-Revenue Calculation

Shanghai Morn Electric Equipment 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
=963.04 / 1088.588
=0.88

Shanghai Morn Electric Equipment Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=213.857 / 235.001
=0.91

* 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.

Shanghai Morn Electric Equipment Co  (SZSE:002451) COGS-to-Revenue Explanation

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

Shanghai Morn Electric Equipment 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 - 213.857 / 235.001
=9.00 %

* 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.

Shanghai Morn Electric Equipment Co COGS-to-Revenue Related Terms

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Shanghai Morn Electric Equipment Co (SZSE:002451) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Morn Electric Equipment Co Ltd (SZSE:002451) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
No.2829 Jiangshan Road, Pudong New Area, Shanghai, CHN, 201306
Website
http://www.mornelectric.com
Shanghai Morn Electric Equipment Co Ltd is engaged in the manufacture, development and sale of wire, cable and related accessories in China. The company also offers technical consulting and services for its products. Its products include Multi URD cable, Single URD cable, DLO cable, SOOW flexible cable, SJOOW flexible cable, SO flexible cable, SJ flexible cable, among others.
Executives
Zhu Jie Supervisors
Wen Ze Xin Directors, executives
Ye Zhen Executives
Zhu Zhi Ying Director
Dai Ren Min Supervisors
Chen Yin Executives
Wang Yong Wei Directors, executives
Wang Qing Director
Wen Ze Hong Directors, executives
Chen De Bin Executives

Shanghai Morn Electric Equipment Co (SZSE:002451) Headlines

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