Ningbo Fangzheng Automobile Mould Co (SZSE:300998) COGS-to-Revenue : 0.85 (As of Mar. 2024)

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What is Ningbo Fangzheng Automobile Mould Co COGS-to-Revenue?

Ningbo Fangzheng Automobile Mould Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥168.7 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥197.4 Mil.

Ningbo Fangzheng Automobile Mould Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ningbo Fangzheng Automobile Mould Co's Gross Margin % for the three months ended in Mar. 2024 was 14.56%.

Ningbo Fangzheng Automobile Mould Co COGS-to-Revenue Historical Data

The historical data trend for Ningbo Fangzheng Automobile Mould 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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Ningbo Fangzheng Automobile Mould Co COGS-to-Revenue Chart

Ningbo Fangzheng Automobile Mould Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.69

0.72

0.81

0.84

Ningbo Fangzheng Automobile Mould Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	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															0.85	0.88	0.82	0.85	0.85

Ningbo Fangzheng Automobile Mould Co COGS-to-Revenue Calculation

Ningbo Fangzheng Automobile Mould 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
	=	817.361	/	969.05
	=	0.84

Ningbo Fangzheng Automobile Mould Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	168.686	/	197.43
	=	0.85

Ningbo Fangzheng Automobile Mould Co (SZSE:300998) COGS-to-Revenue Explanation

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

Ningbo Fangzheng Automobile Mould 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	-	168.686 / 197.43
	=	14.56 %

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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Ningbo Fangzheng Automobile Mould Co (SZSE:300998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Fangzheng Automobile Mould Co Ltd (SZSE:300998) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 1, Sanshen Middle Road, Meilin Street, Zhejiang Province, Ninghai, CHN, 315609

Website

http://www.fzmould.com

Ningbo Fangzheng Automobile Mould Co Ltd is engaged in research and development, design, manufacturing and sales of automotive plastic molds. It offers automobile parts, molds, inspection tools, and plastic products. The company is also engaged in research and development, manufacturing, processing, sales, technical consulting, and after-sales service.

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