Shanghai STEP Electric (SZSE:002527) COGS-to-Revenue : 0.81 (As of Mar. 2024)

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What is Shanghai STEP Electric COGS-to-Revenue?

Shanghai STEP Electric's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥554 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥686 Mil.

Shanghai STEP Electric's COGS to Revenue for the three months ended in Mar. 2024 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai STEP Electric's Gross Margin % for the three months ended in Mar. 2024 was 19.34%.

Shanghai STEP Electric COGS-to-Revenue Historical Data

The historical data trend for Shanghai STEP Electric'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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Shanghai STEP Electric COGS-to-Revenue Chart

Shanghai STEP Electric Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.79

0.81

0.80

0.83

0.82

Shanghai STEP Electric 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															0.82	0.80	0.83	0.83	0.81

Shanghai STEP Electric COGS-to-Revenue Calculation

Shanghai STEP Electric's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2775.899	/	3387.453
	=	0.82

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	553.578	/	686.322
	=	0.81

Shanghai STEP Electric (SZSE:002527) COGS-to-Revenue Explanation

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

Shanghai STEP Electric'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	-	553.578 / 686.322
	=	19.34 %

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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Shanghai STEP Electric (SZSE:002527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai STEP Electric Corp (SZSE:002527) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 1560,Siyi Road, Jiading District, Shanghai, CHN, 201802

Website

http://www.stepelevator.com

Shanghai STEP Electric Corp is a China-based company engaged in the research and development, manufacture and distribution of industrial automation control products. Its products include elevator controlling system sets, energy-saving products and industrial drives, robotics and motion control products, among others. The company distributes its products in domestic market and to overseas markets.

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