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Xinjiang Machinery Research Institute Co (SZSE:300159) COGS-to-Revenue : 0.89 (As of Mar. 2024)


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What is Xinjiang Machinery Research Institute Co COGS-to-Revenue?

Xinjiang Machinery Research Institute Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥28 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥31 Mil.

Xinjiang Machinery Research Institute Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xinjiang Machinery Research Institute Co's Gross Margin % for the three months ended in Mar. 2024 was 10.52%.

Xinjiang Machinery Research Institute Co COGS-to-Revenue Historical Data

The historical data trend for Xinjiang Machinery Research Institute 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.

* Premium members only.

Xinjiang Machinery Research Institute Co COGS-to-Revenue Chart

Xinjiang Machinery Research Institute Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.81 0.79 0.71 0.75

Xinjiang Machinery Research Institute 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.73 0.73 0.80 0.89

Xinjiang Machinery Research Institute Co COGS-to-Revenue Calculation

Xinjiang Machinery Research Institute 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
=896.223 / 1190.691
=0.75

Xinjiang Machinery Research Institute Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=27.958 / 31.244
=0.89

* 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.

Xinjiang Machinery Research Institute Co  (SZSE:300159) COGS-to-Revenue Explanation

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

Xinjiang Machinery Research Institute 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 - 27.958 / 31.244
=10.52 %

* 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.

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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Xinjiang Machinery Research Institute Co (SZSE:300159) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Machinery Research Institute Co Ltd (SZSE:300159) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
Xinjiang 239, Beijing Road, Urumqi, Beijing, CHN, 830,013
Website
http://www.xjjxy.com.cn
Xinjiang Machinery Research Institute Co Ltd is engaged in the research, design, manufacture, and sale of agricultural and livestock machinery. The company specializes in medium and high-end agricultural and animal husbandry machinery products. The main products include series wheeled tractors, farming machinery, large self-propelled grain harvester family, self-propelled corn harvester series, straw forage harvester series, cash crop harvesting machine, and fruit machine.
Executives
Wu Yang Directors, executives
Zhou Wei Hua Director
Feng Guo Xiang Supervisors
Yang Li Jun Director
Jiang Ren Xi Executives
Wang Xiao Yu Executives
Mao Shan Yi Supervisors
Li Ji Lan Executives
Jin Fan Executives
Si Wen Feng Director
A Li Mu Mai Mai Ti Tu Er Xun Supervisors
Wang Jian Jun Directors, Directors, and Executives
Li Li Director

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