Shenzhen Ridge Technology Co (SZSE:300977) COGS-to-Revenue : 0.58 (As of Jun. 2024)

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What is Shenzhen Ridge Technology Co COGS-to-Revenue?

Shenzhen Ridge Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥75.9 Mil. Its Revenue for the three months ended in Jun. 2024 was ¥131.8 Mil.

Shenzhen Ridge Technology Co's COGS to Revenue for the three months ended in Jun. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shenzhen Ridge Technology Co's Gross Margin % for the three months ended in Jun. 2024 was 42.43%.

Shenzhen Ridge Technology Co COGS-to-Revenue Historical Data

The historical data trend for Shenzhen Ridge Technology 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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Shenzhen Ridge Technology Co COGS-to-Revenue Chart

Shenzhen Ridge Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.48

0.55

0.59

0.63

0.60

Shenzhen Ridge Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
COGS-to-Revenue	Get a 7-Day Free Trial															0.58	0.62	0.58	0.73	0.58

Shenzhen Ridge Technology Co COGS-to-Revenue Calculation

Shenzhen Ridge Technology 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
	=	296.115	/	491.308
	=	0.60

Shenzhen Ridge Technology Co's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	75.874	/	131.802
	=	0.58

Shenzhen Ridge Technology Co (SZSE:300977) COGS-to-Revenue Explanation

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

Shenzhen Ridge Technology Co's Gross Margin % for the three months ended in Jun. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	75.874 / 131.802
	=	42.43 %

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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Shenzhen Ridge Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Ridge Technology Co Ltd (SZSE:300977) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 1, Yabao Road, Bantian Street, No. A3101, A3103, A3108, Building, Longgang District, Guangdong Province, Shenzhen, CHN, 518129

Website

http://www.szridge.com

Shenzhen Ridge Engineering Consulting Co Ltd specializes in third-party evaluation, management and consulting services for construction projects.

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