Zhejiang Tianzhen Technology Co (SZSE:301356) COGS-to-Revenue : 0.93 (As of Mar. 2024)

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What is Zhejiang Tianzhen Technology Co COGS-to-Revenue?

Zhejiang Tianzhen Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥143.3 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥153.4 Mil.

Zhejiang Tianzhen Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhejiang Tianzhen Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 6.59%.

Zhejiang Tianzhen Technology Co COGS-to-Revenue Historical Data

The historical data trend for Zhejiang Tianzhen 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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Zhejiang Tianzhen Technology Co COGS-to-Revenue Chart

Zhejiang Tianzhen Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.65

0.69

0.79

0.78

1.07

Zhejiang Tianzhen Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												0.78	0.80	1.67	2.64	0.93

Zhejiang Tianzhen Technology Co COGS-to-Revenue Calculation

Zhejiang Tianzhen 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
	=	333.439	/	311.645
	=	1.07

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	143.301	/	153.404
	=	0.93

Zhejiang Tianzhen Technology Co (SZSE:301356) COGS-to-Revenue Explanation

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

Zhejiang Tianzhen Technology 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	-	143.301 / 153.404
	=	6.59 %

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 Tianzhen Technology Co (SZSE:301356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Tianzhen Technology Co Ltd (SZSE:301356) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Health Industrial Park, Economic Development Zone, Zhejiang Province, Anji, CHN, 313300

Website

http://www.tzbamboo.com

Zhejiang Tianzhen Technology Co Ltd is engaged in the research and development, production and sales of new PVC composite flooring.

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