Qingdao Richmat Intelligence Technology (SZSE:301320) COGS-to-Revenue : 0.77 (As of Mar. 2024)

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What is Qingdao Richmat Intelligence Technology COGS-to-Revenue?

Qingdao Richmat Intelligence Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥151.4 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥197.6 Mil.

Qingdao Richmat Intelligence Technology's COGS to Revenue for the three months ended in Mar. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qingdao Richmat Intelligence Technology's Gross Margin % for the three months ended in Mar. 2024 was 23.38%.

Qingdao Richmat Intelligence Technology COGS-to-Revenue Historical Data

The historical data trend for Qingdao Richmat Intelligence 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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Qingdao Richmat Intelligence Technology COGS-to-Revenue Chart

Qingdao Richmat Intelligence Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.74

0.73

0.77

0.76

Qingdao Richmat Intelligence Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial										0.74	0.74	0.77	0.79	0.77

Qingdao Richmat Intelligence Technology COGS-to-Revenue Calculation

Qingdao Richmat Intelligence 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
	=	544.166	/	715.52
	=	0.76

Qingdao Richmat Intelligence Technology's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	151.443	/	197.643
	=	0.77

Qingdao Richmat Intelligence Technology (SZSE:301320) COGS-to-Revenue Explanation

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

Qingdao Richmat Intelligence Technology'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	-	151.443 / 197.643
	=	23.38 %

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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Qingdao Richmat Intelligence Technology (SZSE:301320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Richmat Intelligence Technology Inc (SZSE:301320) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 78, Kongquehe 4th Road, Qingdao Garment Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

https://www.richmat.com.cn

Qingdao Richmat Intelligence Technology Inc is engaged in Research and development, production and sales of intelligent linear drive system products. its products include: Linear actuator Dual actuator, Lifting column, Control box, Handset, and Massage motor.

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