Shanghai Yongli Belting Co (SZSE:300230) COGS-to-Revenue : 0.69 (As of Mar. 2024)

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What is Shanghai Yongli Belting Co COGS-to-Revenue?

Shanghai Yongli Belting Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥292 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥425 Mil.

Shanghai Yongli Belting Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai Yongli Belting Co's Gross Margin % for the three months ended in Mar. 2024 was 31.21%.

Shanghai Yongli Belting Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai Yongli Belting 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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Shanghai Yongli Belting Co COGS-to-Revenue Chart

Shanghai Yongli Belting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.72

0.75

0.69

0.67

Shanghai Yongli Belting 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															0.67	0.68	0.66	0.67	0.69

Shanghai Yongli Belting Co COGS-to-Revenue Calculation

Shanghai Yongli Belting 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
	=	1352.486	/	2021.962
	=	0.67

Shanghai Yongli Belting Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	292.393	/	425.024
	=	0.69

Shanghai Yongli Belting Co (SZSE:300230) COGS-to-Revenue Explanation

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

Shanghai Yongli Belting 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	-	292.393 / 425.024
	=	31.21 %

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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Shanghai Yongli Belting Co (SZSE:300230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Yongli Belting Co Ltd (SZSE:300230) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN

Website

http://www.yonglibelt.com

Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.

Executives

Huang Xiao Dong	Director
Yun Li Ming	Directors, executives
Jiang Feng	Executives
Shi Pei Hao	Director
Wang Yi Yi	Executives
Chen Zhi Liang	Supervisors
Yang Zhen Ping	Supervisors
Yu Cheng Lei	Directors, executives
Zhang Wei	Directors, executives

Shanghai Yongli Belting Co (SZSE:300230) Headlines

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