Chongqing Changjiang River Moulding Material (Group) Co (SZSE:001296) Cost of Goods Sold : ¥802 Mil (TTM As of Sep. 2024)

Chongqing Changjiang River Moulding Material (Group) Co Cost of Goods Sold Chart

Chongqing Changjiang River Moulding Material (Group) Co Annual Data
	Trend	Dec13	Dec14	Dec15	Dec16	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cost of Goods Sold		Get a 7-Day Free Trial					510.81	590.21	714.88	764.39	754.98

Chongqing Changjiang River Moulding Material (Group) Co Quarterly Data
	Jun17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cost of Goods Sold	Get a 7-Day Free Trial															156.50	272.09	140.77	196.58	192.27

Chongqing Changjiang River Moulding Material (Group) 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥802 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.

Chongqing Changjiang River Moulding Material (Group) Co  (SZSE:001296) Cost of Goods Sold Explanation

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

Chongqing Changjiang River Moulding Material (Group) Co's Gross Margin % for the three months ended in Sep. 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.

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:

Chongqing Changjiang River Moulding Material (Group) Co's Inventory Turnover for the three months ended in Sep. 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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Chongqing Changjiang River Moulding Material (Group) Co Business Description