Qingdao Hanhe Cable Co (SZSE:002498) COGS-to-Revenue : 0.85 (As of Sep. 2024)

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What is Qingdao Hanhe Cable Co COGS-to-Revenue?

Qingdao Hanhe Cable Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥1,878 Mil. Its Revenue for the three months ended in Sep. 2024 was ¥2,210 Mil.

Qingdao Hanhe Cable Co's COGS to Revenue for the three months ended in Sep. 2024 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qingdao Hanhe Cable Co's Gross Margin % for the three months ended in Sep. 2024 was 15.04%.

Qingdao Hanhe Cable Co COGS-to-Revenue Historical Data

The historical data trend for Qingdao Hanhe Cable 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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Qingdao Hanhe Cable Co COGS-to-Revenue Chart

Qingdao Hanhe Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.78

0.79

0.80

Qingdao Hanhe Cable Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.80	0.82	0.81	0.82	0.85

Qingdao Hanhe Cable Co COGS-to-Revenue Calculation

Qingdao Hanhe Cable 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
	=	7759.43	/	9658.038
	=	0.80

Qingdao Hanhe Cable Co's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1877.932	/	2210.444
	=	0.85

Qingdao Hanhe Cable Co (SZSE:002498) COGS-to-Revenue Explanation

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

Qingdao Hanhe Cable Co's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1877.932 / 2210.444
	=	15.04 %

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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Qingdao Hanhe Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Hanhe Cable Co Ltd (SZSE:002498) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No.6 Lishan(E) Industrial Park, Qingdao, Shandong, CHN, 266102

Website

http://www.hanhe-cable.com

Qingdao Hanhe Cable Co Ltd is engaged in the research, development, and manufacture of wires and cables in China. The company offers power cables, cable accessories, submarine cables, optical power composite cables, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, and DC series cables.

Executives

Zhang Lun Ye	Supervisors
Chen Pei Yun	Director
Zhu Hong	Director
Qu Shu	Executives
Ren De Peng	Executives
Zhang Chuang Ye	Executives
Zhang Xue Xin	Director

Qingdao Hanhe Cable Co Headlines

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