Xingye Leather Technology Co (SZSE:002674) COGS-to-Revenue : 0.79 (As of Mar. 2025)

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What is Xingye Leather Technology Co COGS-to-Revenue?

Xingye Leather Technology Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥497 Mil. Its Revenue for the three months ended in Mar. 2025 was ¥627 Mil.

Xingye Leather Technology Co's COGS to Revenue for the three months ended in Mar. 2025 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xingye Leather Technology Co's Gross Margin % for the three months ended in Mar. 2025 was 20.73%.

Xingye Leather Technology Co COGS-to-Revenue Historical Data

The historical data trend for Xingye Leather 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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Xingye Leather Technology Co COGS-to-Revenue Chart

Xingye Leather Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.81

0.76

0.80

0.79

Xingye Leather Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.80	0.80	0.77	0.78	0.79

Xingye Leather Technology Co COGS-to-Revenue Calculation

Xingye Leather Technology Co's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2318.726	/	2951.085
	=	0.79

Xingye Leather Technology Co's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	496.993	/	627
	=	0.79

Xingye Leather Technology Co (SZSE:002674) COGS-to-Revenue Explanation

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

Xingye Leather Technology Co's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	496.993 / 627
	=	20.73 %

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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Xingye Leather Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Xingye Leather Technology Co Ltd (SZSE:002674) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 1, Xingye Road, Anhai Second Industrial Zone, Fujian Province, Jinjiang, CHN, 362261

Website

http://www.xingyeleather.com

Xingye Leather Technology Co Ltd is engaged as a supplier of shoe leather materials. The products of the company include Napa series, natural wrestling series, and special effect leather series.

Executives

Sun Hui Yong	Directors, executives
Cai Yi Lei	Executives
Cai Jian She	Directors, executives
Wu Hua Chun	Director
Li Guang Qing	Executives
Su Jian Zhong	Supervisors
Zhang Liang	Securities Affairs Representative
Ran Chong Yuan	Directors, executives
Wu Mei Li	Directors, executives

Xingye Leather Technology Co Headlines

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