XHG (XChange Tec) COGS-to-Revenue : 0.96 (As of Sep. 2024)

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What is XChange Tec COGS-to-Revenue?

XChange Tec's Cost of Goods Sold for the six months ended in Sep. 2024 was $28.60 Mil. Its Revenue for the six months ended in Sep. 2024 was $29.91 Mil.

XChange Tec's COGS to Revenue for the six months ended in Sep. 2024 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. XChange Tec's Gross Margin % for the six months ended in Sep. 2024 was 4.38%.

XChange Tec COGS-to-Revenue Historical Data

The historical data trend for XChange Tec'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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XChange Tec COGS-to-Revenue Chart

XChange Tec Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

COGS-to-Revenue

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1.01

0.95

XChange Tec Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial									-	-	-	0.95	0.96

XChange Tec COGS-to-Revenue Calculation

XChange Tec's COGS to Revenue for the fiscal year that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	38.85	/	40.753
	=	0.95

XChange Tec's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	28.596	/	29.907
	=	0.96

XChange Tec (NAS:XHG) COGS-to-Revenue Explanation

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

XChange Tec's Gross Margin % for the six months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	28.596 / 29.907
	=	4.38 %

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.

XChange Tec COGS-to-Revenue Related Terms

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XChange Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » XChange Tec Inc (NAS:XHG) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1136 Xinzha Road, No.801, Building 1, JingAn District, Shanghai, CHN, 200041

Website

https://ir.xhghk.com

XChange Tec Inc, through its subsidiaries operates in insurance agency and insurance technology business. The company specialized in distributing automobile insurance policies at the earlier stage of business and subsequently expanded insurance product portfolio to include other types of insurance including life, health, group accident and other property related insurances. A maximum of the insurance purchased through platform and agency services is of automobile insurance.