Meiwu Technology Co (Meiwu Technology Co) COGS-to-Revenue : 0.77 (As of Jun. 2023)

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What is Meiwu Technology Co COGS-to-Revenue?

Meiwu Technology Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $8.23 Mil. Its Revenue for the six months ended in Jun. 2023 was $10.68 Mil.

Meiwu Technology Co's COGS to Revenue for the six months ended in Jun. 2023 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meiwu Technology Co's Gross Margin % for the six months ended in Jun. 2023 was 22.98%.

Meiwu Technology Co COGS-to-Revenue Historical Data

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

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

0.79

0.75

0.81

0.77

0.89

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial					0.77	0.76	0.87	0.90	0.77

Meiwu Technology Co COGS-to-Revenue Calculation

Meiwu Technology Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9.804	/	10.979
	=	0.89

Meiwu Technology Co's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8.228	/	10.683
	=	0.77

Meiwu Technology Co (NAS:WNW) COGS-to-Revenue Explanation

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

Meiwu Technology Co's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	8.228 / 10.683
	=	22.98 %

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.

Meiwu Technology Co COGS-to-Revenue Related Terms

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Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.