Tong Petrotech (SZSE:300164) COGS-to-Revenue : 0.77 (As of Mar. 2025)

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What is Tong Petrotech COGS-to-Revenue?

Tong Petrotech's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥200 Mil. Its Revenue for the three months ended in Mar. 2025 was ¥258 Mil.

Tong Petrotech's COGS to Revenue for the three months ended in Mar. 2025 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tong Petrotech's Gross Margin % for the three months ended in Mar. 2025 was 22.53%.

Tong Petrotech COGS-to-Revenue Historical Data

The historical data trend for Tong Petrotech'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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Tong Petrotech COGS-to-Revenue Chart

Tong Petrotech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.90

0.66

0.71

Tong Petrotech 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															0.73	0.66	0.74	0.72	0.77

Tong Petrotech COGS-to-Revenue Calculation

Tong Petrotech's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	853.673	/	1196.172
	=	0.71

Tong Petrotech's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	199.889	/	258.017
	=	0.77

Tong Petrotech (SZSE:300164) COGS-to-Revenue Explanation

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

Tong Petrotech'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	-	199.889 / 258.017
	=	22.53 %

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.

Tong Petrotech COGS-to-Revenue Related Terms

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Tong Petrotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tong Petrotech Corp (SZSE:300164) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51 Tangyan Road, 13th Floor, Block A, Life One Center, High-tech Zone, Xi'an, CHN, 710065

Website

http://www.tongoiltools.com

Tong Petrotech Corp is engaged in offering oil recovery, drilling and completion technical services, fracturing technology services, CBM technical services, and block integrating contracting services. The technical services provided by the company include compound perforating, drilling, and integrated big bag service.

Executives

Zhang Guo An	Director
Zhang Zhi Jian	Director
Ren Yan Zhong	Directors, executives
Zhang Bai Shuang	Executives
Wang Hong Wei	Securities Affairs Representative
Zhang Ming	Supervisors
Liu Yin Zhong	Executives
Tian Yi	Executives
Chen Yan	Supervisors
Wu Chi Yan	Director
Huang Jian Qing	Director
Zhou Zhi Hua	Supervisors

Tong Petrotech Headlines

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