Hubei Zhongyi Technology (SZSE:301150) COGS-to-Revenue : 0.96 (As of Jun. 2024)

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What is Hubei Zhongyi Technology COGS-to-Revenue?

Hubei Zhongyi Technology's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥1,200 Mil. Its Revenue for the three months ended in Jun. 2024 was ¥1,249 Mil.

Hubei Zhongyi Technology's COGS to Revenue for the three months ended in Jun. 2024 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hubei Zhongyi Technology's Gross Margin % for the three months ended in Jun. 2024 was 3.95%.

Hubei Zhongyi Technology COGS-to-Revenue Historical Data

The historical data trend for Hubei Zhongyi Technology'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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Hubei Zhongyi Technology COGS-to-Revenue Chart

Hubei Zhongyi Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.79

0.73

0.80

0.94

Hubei Zhongyi Technology 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															0.95	0.96	0.96	1.00	0.96

Hubei Zhongyi Technology COGS-to-Revenue Calculation

Hubei Zhongyi Technology's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3206.044	/	3415.405
	=	0.94

Hubei Zhongyi Technology's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1199.625	/	1248.996
	=	0.96

Hubei Zhongyi Technology (SZSE:301150) COGS-to-Revenue Explanation

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

Hubei Zhongyi Technology'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	-	1199.625 / 1248.996
	=	3.95 %

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.

Hubei Zhongyi Technology COGS-to-Revenue Related Terms

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Hubei Zhongyi Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hubei Zhongyi Technology Inc (SZSE:301150) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 47, Mengze Avenue South, Economic Development Zone, Hubei Province, Yunmeng, CHN, 432500

Website

http://www.c1cf.com

Hubei Zhongyi Technology Inc is engaged in the research and development, production and sales of various single and double-sided optical high-performance electrolytic copper foil series products.

Executives

Yin Tao

Director

Hubei Zhongyi Technology Headlines

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