Zhejiang Hengwei Battery Co (SZSE:301222) COGS-to-Revenue : 0.71 (As of Mar. 2024)

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What is Zhejiang Hengwei Battery Co COGS-to-Revenue?

Zhejiang Hengwei Battery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥104.4 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥146.3 Mil.

Zhejiang Hengwei Battery Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhejiang Hengwei Battery Co's Gross Margin % for the three months ended in Mar. 2024 was 28.60%.

Zhejiang Hengwei Battery Co COGS-to-Revenue Historical Data

The historical data trend for Zhejiang Hengwei Battery 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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Zhejiang Hengwei Battery Co COGS-to-Revenue Chart

Zhejiang Hengwei Battery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.69

0.70

0.75

0.72

Zhejiang Hengwei Battery Co Quarterly Data
	Jun17	Dec17	Dec18	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															0.75	0.74	0.70	0.71	0.71

Zhejiang Hengwei Battery Co COGS-to-Revenue Calculation

Zhejiang Hengwei Battery 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
	=	423.501	/	588.117
	=	0.72

Zhejiang Hengwei Battery Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	104.446	/	146.292
	=	0.71

Zhejiang Hengwei Battery Co (SZSE:301222) COGS-to-Revenue Explanation

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

Zhejiang Hengwei Battery 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	-	104.446 / 146.292
	=	28.60 %

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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Zhejiang Hengwei Battery Co (SZSE:301222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Hengwei Battery Co Ltd (SZSE:301222) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 77 Zhengyang West Road, Youchegang, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314018

Website

http://www.hwbattery.com

Zhejiang Hengwei Battery Co Ltd is engaged in the production and sales of dry batteries and their accessories, and supporting small household appliances; research and development, manufacturing, sales and related technical services of battery parts and special equipment for battery production; engaged in import and export business.

Executives

Xu Yao Ting

Directors, executives

Zhejiang Hengwei Battery Co (SZSE:301222) Headlines

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