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China ZhengTong Auto Services Holdings (STU:ZA0) Cost of Goods Sold : €2,712 Mil (TTM As of Jun. 2024)


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What is China ZhengTong Auto Services Holdings Cost of Goods Sold?

China ZhengTong Auto Services Holdings's cost of goods sold for the six months ended in Jun. 2024 was €1,242 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2024 was €2,712 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China ZhengTong Auto Services Holdings's Gross Margin % for the six months ended in Jun. 2024 was 1.79%.

Cost of Goods Sold is also directly linked to Inventory Turnover. China ZhengTong Auto Services Holdings's Inventory Turnover for the six months ended in Jun. 2024 was 2.55.


China ZhengTong Auto Services Holdings Cost of Goods Sold Historical Data

The historical data trend for China ZhengTong Auto Services 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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China ZhengTong Auto Services Holdings Cost of Goods Sold Chart

China ZhengTong Auto Services Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,959.26 2,772.27 2,744.21 2,846.19 2,969.69

China ZhengTong Auto Services Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,429.84 1,475.97 1,505.27 1,469.76 1,241.94

China ZhengTong Auto Services 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €2,712 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.


China ZhengTong Auto Services Holdings  (STU:ZA0) Cost of Goods Sold Explanation

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

China ZhengTong Auto Services Holdings's Gross Margin % for the six months ended in Jun. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(1264.622 - 1241.936) / 1264.622
=1.79 %

* 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:

China ZhengTong Auto Services Holdings's Inventory Turnover for the six months ended in Jun. 2024 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.


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China ZhengTong Auto Services Holdings Business Description

Traded in Other Exchanges
Address
No. Te 6 Huangpu Technological Park, 4/F, Wuhan Baoze, Jiangan District, Wuhan, CHN
China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The company operates through the following segments; 4S dealership business , Supply chain business, and Comprehensive properties business. The 4S dealership business segment which generates key revenue, mainly includes sales of motor vehicles and after-sales services through its network of 4S dealerships in the PRC. The Supply chain business mainly includes the provision of motor-related logistics services and trading of lubricant oil, and the Comprehensive properties business mainly includes the development and sales of properties in the PRC.

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