Gaodi Holdings (HKSE:01676) Cost of Goods Sold : HK$561.6 Mil (TTM As of Jun. 2023)

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What is Gaodi Holdings Cost of Goods Sold?

Gaodi Holdings's cost of goods sold for the six months ended in Jun. 2023 was HK$561.6 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2023 was HK$561.6 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gaodi Holdings's Gross Margin % for the six months ended in Jun. 2023 was 3.16%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Gaodi Holdings's Inventory Turnover for the six months ended in Jun. 2023 was 5.75.

Gaodi Holdings Cost of Goods Sold Historical Data

The historical data trend for Gaodi Holdings's Cost of Goods Sold 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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Gaodi Holdings Cost of Goods Sold Chart

Gaodi Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cost of Goods Sold

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569.86

566.67

410.74

156.48

93.78

Gaodi Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Cost of Goods Sold	Get a 7-Day Free Trial											90.04	51.60	41.48	138.36	561.62

Gaodi Holdings Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$561.6 Mil.

Gaodi Holdings (HKSE:01676) Cost of Goods Sold Explanation

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

Gaodi Holdings's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(579.93	-	561.616)	/	579.93
	=	3.16 %

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.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Gaodi Holdings's Inventory Turnover for the six months ended in Jun. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	561.616	/	97.631
	=	5.75

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Gaodi Holdings Cost of Goods Sold Related Terms

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Gaodi Holdings (HKSE:01676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gaodi Holdings Ltd (HKSE:01676) » Definitions » Cost of Goods Sold

Traded in Other Exchanges

N/A

Address

5th Floor, No. 5 Factory Meixi Road, Huandong Waters Tongon District, Huli Industrial Park, Fujian Province, Xiamen, CHN

Website

http://www.chinashenghaigroup.com

China Shenghai Group Ltd is engaged in the packaging and sales of seafood products and procurement and sales of fast moving consumer goods and others to the supermarket chains and convenience stores located across China. The company's products are categorized into dried seafood, algae and fungi, seafood snack and frozen seafood products. It has also developed new business on FMCG and cosmetics in Hong Kong and China. Its operating segments include packaging and sales of marine products segment and all other segment. It derives majority of the revenue from packaging and sales of marine products segment.

Executives

Foton Holdings Limited	2101 Beneficial owner
Yang Liqiong	2101 Beneficial owner
Ultima Prime Investment Limited	2501 Other
Arab Osman Mohammed	2104 Agent
Lai Wing Lun	2104 Agent
Rui Qi You Xian Gong Si	2101 Beneficial owner
Lau Shek Yau John	2101 Beneficial owner
Lin Yueying	2202 Interest of your spouse
Liu Rongru	2201 Interest of corporation controlled by you

Gaodi Holdings (HKSE:01676) Headlines

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