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Hengs Technology Co (ROCO:4582) Cost of Goods Sold : NT$1,588 Mil (TTM As of Dec. 2023)


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What is Hengs Technology Co Cost of Goods Sold?

Hengs Technology Co's cost of goods sold for the six months ended in Dec. 2023 was NT$479 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was NT$1,588 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hengs Technology Co's Gross Margin % for the six months ended in Dec. 2023 was 15.54%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Hengs Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 2.26.


Hengs Technology Co Cost of Goods Sold Historical Data

The historical data trend for Hengs Technology Co'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.

* Premium members only.

Hengs Technology Co Cost of Goods Sold Chart

Hengs Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial 958.77 2,117.39 1,358.65 3,271.60 1,587.95

Hengs Technology Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cost of Goods Sold Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 344.21 921.87 2,349.72 1,109.18 478.77

Hengs Technology Co 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$1,588 Mil.

* 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.


Hengs Technology Co  (ROCO:4582) Cost of Goods Sold Explanation

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

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

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(566.866 - 478.766) / 566.866
=15.54 %

* 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.

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:

Hengs Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as:

* 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.

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.


Hengs Technology Co Cost of Goods Sold Related Terms

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Hengs Technology Co (ROCO:4582) Business Description

Traded in Other Exchanges
N/A
Address
Number 168, Yongke Ring Road, Yongkang District, Tainan, TWN, 710
Hengs Technology Co Ltd is a Taiwan-based company engaged in the development of the solar power system. The product portfolio of the company includes Solar Pump Package, Solar Outdoor Lighting, Solar Mounting Rack, PV Module, and Battery among others. The main business projects include energy technical service engineering, electronic equipment retail and wholesale, other machinery and lighting equipment manufacturing, international trade, etc.

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