TSGTF (Tsingtao Brewery Co) COGS-to-Revenue : 0.58 (As of Sep. 2024)

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What is Tsingtao Brewery Co COGS-to-Revenue?

Tsingtao Brewery Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $727 Mil. Its Revenue for the three months ended in Sep. 2024 was $1,256 Mil.

Tsingtao Brewery Co's COGS to Revenue for the three months ended in Sep. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tsingtao Brewery Co's Gross Margin % for the three months ended in Sep. 2024 was 42.12%.

Tsingtao Brewery Co COGS-to-Revenue Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co COGS-to-Revenue Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.61

0.65

0.63

0.61

Tsingtao Brewery Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.59	0.73	0.60	0.57	0.58

Tsingtao Brewery Co COGS-to-Revenue Calculation

Tsingtao Brewery 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
	=	2915.449	/	4752.881
	=	0.61

Tsingtao Brewery Co's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	727.258	/	1256.498
	=	0.58

Tsingtao Brewery Co (OTCPK:TSGTF) COGS-to-Revenue Explanation

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

Tsingtao Brewery Co's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	727.258 / 1256.498
	=	42.12 %

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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Tsingtao Brewery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTF) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

TSGTY:USA 00168:Hong Kong TSI0:Germany TSI:Germany TSI:Germany TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed close to 60% of its revenue and net profit in 2023. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio.