Jiangxi Haiyuan Composites Technology Co (SZSE:002529) COGS-to-Revenue : 1.03 (As of Mar. 2024)

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What is Jiangxi Haiyuan Composites Technology Co COGS-to-Revenue?

Jiangxi Haiyuan Composites Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥44.1 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥43.0 Mil.

Jiangxi Haiyuan Composites Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 1.03.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Jiangxi Haiyuan Composites Technology Co's Gross Margin % for the three months ended in Mar. 2024 was -2.65%.

Jiangxi Haiyuan Composites Technology Co COGS-to-Revenue Historical Data

The historical data trend for Jiangxi Haiyuan Composites Technology 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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Jiangxi Haiyuan Composites Technology Co COGS-to-Revenue Chart

Jiangxi Haiyuan Composites Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.05

0.88

0.98

0.96

0.95

Jiangxi Haiyuan Composites Technology 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															1.00	0.86	1.03	0.89	1.03

Jiangxi Haiyuan Composites Technology Co COGS-to-Revenue Calculation

Jiangxi Haiyuan Composites Technology 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
	=	299.792	/	316.628
	=	0.95

Jiangxi Haiyuan Composites Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	44.137	/	42.998
	=	1.03

Jiangxi Haiyuan Composites Technology Co (SZSE:002529) COGS-to-Revenue Explanation

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

Jiangxi Haiyuan Composites Technology 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	-	44.137 / 42.998
	=	-2.65 %

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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Jiangxi Haiyuan Composites Technology Co (SZSE:002529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangxi Haiyuan Composites Technology Co Ltd (SZSE:002529) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Tieling North Road, Jingxi Town, Minhou County, Fujian Province, Fuzhou, CHN, 350002

Website

http://www.haiyuan-group.com

Fujian Haiyuan Composites Technology Co Ltd, formerly Fujian Haiyuan Automatic Equipments Co Ltd engages in the manufacture and sale of hydraulic press equipment and related devices in China and internationally. It provides automatic hydraulic ceramic tile presses, automatic hydraulic ceramic water-permeable plaza tile presses, automatic hydraulic autoclaved brick presses, automatic hydraulic refractory material presses, and automatic hydraulic composite material presses, as well as eante fiber reinforced thermoplastic composite formwork and automotive related products.

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