New Hope Dairy Co (SZSE:002946) COGS-to-Revenue : 0.71 (As of Mar. 2024)

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What is New Hope Dairy Co COGS-to-Revenue?

New Hope Dairy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,846 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,614 Mil.

New Hope Dairy Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. New Hope Dairy Co's Gross Margin % for the three months ended in Mar. 2024 was 29.38%.

New Hope Dairy Co COGS-to-Revenue Historical Data

The historical data trend for New Hope Dairy 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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New Hope Dairy Co COGS-to-Revenue Chart

New Hope Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

0.76

0.75

0.76

0.73

New Hope Dairy 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															0.73	0.71	0.74	0.75	0.71

New Hope Dairy Co COGS-to-Revenue Calculation

New Hope Dairy 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
	=	8034.709	/	10987.294
	=	0.73

New Hope Dairy Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1845.849	/	2613.795
	=	0.71

New Hope Dairy Co (SZSE:002946) COGS-to-Revenue Explanation

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

New Hope Dairy 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	-	1845.849 / 2613.795
	=	29.38 %

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.

New Hope Dairy Co COGS-to-Revenue Related Terms

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New Hope Dairy Co (SZSE:002946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Dairy Co Ltd (SZSE:002946) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No.366 Jinshi Road, New Hope Zhongding International, No. 3, 18th Floor, Building 2, Jinjiang District, Sichuan, Chengdu, CHN, 610023

Website

http://www.newhopedairy.cn

New Hope Dairy Co Ltd is a dairy products supplier in China. The company have 12 dairy enterprises in Southwest China, Eastern China and Northern China, including 4 national enterprises of agricultural industrialization and 8 provincial enterprises.

Executives

Lin Yong Yu	Executives
Li Hong Mei	Supervisors
Xi Gang	Director
Zhu Chuan	Directors, executives
Zhang Shuai	Executives

New Hope Dairy Co (SZSE:002946) Headlines

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