Hefei Meyer Optoelectronic Technology (SZSE:002690) COGS-to-Revenue : 0.49 (As of Mar. 2024)

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What is Hefei Meyer Optoelectronic Technology COGS-to-Revenue?

Hefei Meyer Optoelectronic Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥162 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥331 Mil.

Hefei Meyer Optoelectronic Technology's COGS to Revenue for the three months ended in Mar. 2024 was 0.49.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hefei Meyer Optoelectronic Technology's Gross Margin % for the three months ended in Mar. 2024 was 51.09%.

Hefei Meyer Optoelectronic Technology COGS-to-Revenue Historical Data

The historical data trend for Hefei Meyer Optoelectronic Technology'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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Hefei Meyer Optoelectronic Technology COGS-to-Revenue Chart

Hefei Meyer Optoelectronic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.45

0.48

0.49

0.47

0.49

Hefei Meyer Optoelectronic Technology 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															0.46	0.48	0.48	0.50	0.49

Hefei Meyer Optoelectronic Technology COGS-to-Revenue Calculation

Hefei Meyer Optoelectronic Technology's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1176.552	/	2425.394
	=	0.49

Hefei Meyer Optoelectronic Technology's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	162.079	/	331.4
	=	0.49

Hefei Meyer Optoelectronic Technology (SZSE:002690) COGS-to-Revenue Explanation

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

Hefei Meyer Optoelectronic Technology'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	-	162.079 / 331.4
	=	51.09 %

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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Hefei Meyer Optoelectronic Technology (SZSE:002690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Meyer Optoelectronic Technology Inc (SZSE:002690) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 668 Wangjiang Road, Hefei Hi-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.chinameyer.com

Hefei Meyer Optoelectronic Technology Inc develops, manufactures and sells photoelectric detection and classification equipment. Its products include Color Sorter, X-ray inspection and others.

Executives

Hao Xian Jin	Director
Tian Ming	Director
Jiang Dong	Executives
Zhang Jian Jun	Executives
Ni Ying Jiu	Executives
Xu Peng	Directors, executives
Lin Mao Xian	Directors, executives
Xiang Cheng	Executives
Zhao Hui Fang	Independent director
Han Li Ming	Supervisors
Yu Neng Hong	Director

Hefei Meyer Optoelectronic Technology (SZSE:002690) Headlines

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