Weiqiao Textile Co (Weiqiao Textile Co) COGS-to-Revenue : 1.00 (As of Jun. 2023)

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What is Weiqiao Textile Co COGS-to-Revenue?

Weiqiao Textile Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $1,107 Mil. Its Revenue for the six months ended in Jun. 2023 was $1,110 Mil.

Weiqiao Textile Co's COGS to Revenue for the six months ended in Jun. 2023 was 1.00.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Weiqiao Textile Co's Gross Margin % for the six months ended in Jun. 2023 was 0.28%.

Weiqiao Textile Co COGS-to-Revenue Historical Data

The historical data trend for Weiqiao Textile 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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Weiqiao Textile Co COGS-to-Revenue Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.90

0.94

0.92

1.06

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.88	0.95	1.05	1.07	1.00

Weiqiao Textile Co COGS-to-Revenue Calculation

Weiqiao Textile 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
	=	2523.039	/	2377.278
	=	1.06

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1107.206	/	1110.278
	=	1.00

Weiqiao Textile Co (OTCPK:WQTEF) COGS-to-Revenue Explanation

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

Weiqiao Textile 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	-	1107.206 / 1110.278
	=	0.28 %

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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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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