Xiamen Sunrise Group Co (SZSE:002593) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Xiamen Sunrise Group Co COGS-to-Revenue?

Xiamen Sunrise Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥673 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥734 Mil.

Xiamen Sunrise Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xiamen Sunrise Group Co's Gross Margin % for the three months ended in Mar. 2024 was 8.36%.

Xiamen Sunrise Group Co COGS-to-Revenue Historical Data

The historical data trend for Xiamen Sunrise Group 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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Xiamen Sunrise Group Co COGS-to-Revenue Chart

Xiamen Sunrise Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

0.90

0.93

0.91

Xiamen Sunrise Group 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															0.91	0.90	0.91	0.92	0.92

Xiamen Sunrise Group Co COGS-to-Revenue Calculation

Xiamen Sunrise Group 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
	=	3592.569	/	3950.868
	=	0.91

Xiamen Sunrise Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	673.067	/	734.49
	=	0.92

Xiamen Sunrise Group Co (SZSE:002593) COGS-to-Revenue Explanation

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

Xiamen Sunrise Group 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	-	673.067 / 734.49
	=	8.36 %

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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Xiamen Sunrise Group Co (SZSE:002593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiamen Sunrise Group Co Ltd (SZSE:002593) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 30, Xinglin Xingbei Road, Fujian Province, Jimei District, Xiamen, CHN, 361022

Website

http://www.sunrise-ncc.com

Xiamen Sunrise Group Co Ltd is engaged in the research, development, production, and sales of metal products and automotive products. The products of the company include tubeless steel wheels, steel drums, and forged aluminium wheels.

Executives

Wu Xiao Hong	Directors, executives
Wu Zi Wen	Directors, executives
Chen Ming Li	Supervisors
Lan Ri Jin	Supervisors
Wu Zhi Liang	Directors, executives
Zheng Yu Qing	Executives
He Ai Ping	Executives
Huang Xue Cheng	Directors, executives
Zhong Bai An	Directors, executives
Zhang Wen Qing	Supervisors
Wang Yong Dong	Director

Xiamen Sunrise Group Co (SZSE:002593) Headlines

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