Xinlun New Materials Co (SZSE:002341) Cost of Goods Sold : ¥526.9 Mil (TTM As of Mar. 2024)

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What is Xinlun New Materials Co Cost of Goods Sold?

Xinlun New Materials Co's cost of goods sold for the three months ended in Mar. 2024 was ¥79.9 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was ¥526.9 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xinlun New Materials Co's Gross Margin % for the three months ended in Mar. 2024 was 22.41%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Xinlun New Materials Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.62.

Xinlun New Materials Co Cost of Goods Sold Historical Data

The historical data trend for Xinlun New Materials 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.

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Xinlun New Materials Co Cost of Goods Sold Chart

Xinlun New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

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2,713.07

1,796.85

1,064.85

838.32

585.57

Xinlun New Materials Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cost of Goods Sold	Get a 7-Day Free Trial															138.54	141.20	153.78	152.04	79.92

Xinlun New Materials 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥526.9 Mil.

Xinlun New Materials Co (SZSE:002341) Cost of Goods Sold Explanation

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

Xinlun New Materials Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(102.996	-	79.918)	/	102.996
	=	22.41 %

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:

Xinlun New Materials Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	79.918	/	127.985
	=	0.62

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.

Xinlun New Materials Co Cost of Goods Sold Related Terms

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Xinlun New Materials Co (SZSE:002341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinlun New Materials Co Ltd (SZSE:002341) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24 Futian Road, Futian Street, 32nd Floor, Coastal Huanqing Building, Weizhen Community, Futian District, Guangdong Province, Shenzhen, CHN, 518052

Website

http://www.szselen.com

Xinlun New Materials Co Ltd engages in the research, development, manufacture, and sale of new materials. It offers double-sided tapes, optical tapes, protective films, functional tapes, TAC products, graphite sheets, aluminum-plastic composite films. The company also provides electronic/pharmaceutical/food industry clean-room engineering design, construction, and maintenance integrated solution; ultra clean products research, production, and sales integration services.

Executives

Li Jing Bin	Directors, executives
Liao Yao	Directors, executives
Shi Dong Yi Yuan	Directors, executives
Li Hong Liang	Executives
Li Hong Liu	Directors, Directors, and Executives
Yang Dong	Executives
Chen De Sheng	Executives
Wang Feng De	Directors, executives
Ruan Zheng	Securities Affairs Representative
Fu Bo	Directors, executives
Hou Yi	Director
Hou Hai Feng	Executives
Hou Fei	Supervisors
Zhang Yuan	Director
Zhang Qiang	Director

Xinlun New Materials Co (SZSE:002341) Headlines

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