Tong Ming Enterprise Co (TPE:5538) COGS-to-Revenue : 0.86 (As of Jun. 2024)

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What is Tong Ming Enterprise Co COGS-to-Revenue?

Tong Ming Enterprise Co's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$2,759 Mil. Its Revenue for the three months ended in Jun. 2024 was NT$3,202 Mil.

Tong Ming Enterprise Co's COGS to Revenue for the three months ended in Jun. 2024 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tong Ming Enterprise Co's Gross Margin % for the three months ended in Jun. 2024 was 13.82%.

Tong Ming Enterprise Co COGS-to-Revenue Historical Data

The historical data trend for Tong Ming Enterprise 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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Tong Ming Enterprise Co COGS-to-Revenue Chart

Tong Ming Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

0.80

0.87

0.93

Tong Ming Enterprise Co 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															0.93	0.86	0.97	0.87	0.86

Tong Ming Enterprise Co COGS-to-Revenue Calculation

Tong Ming Enterprise 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
	=	11998.06	/	12966.04
	=	0.93

Tong Ming Enterprise Co's COGS to Revenue for the quarter that ended in Jun. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2759.284	/	3201.842
	=	0.86

Tong Ming Enterprise Co (TPE:5538) COGS-to-Revenue Explanation

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

Tong Ming Enterprise Co'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	-	2759.284 / 3201.842
	=	13.82 %

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.

Tong Ming Enterprise Co COGS-to-Revenue Related Terms

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Tong Ming Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tong Ming Enterprise Co Ltd (TPE:5538) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003

Website

http://www.the.com.cn

Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

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