Huizhou China Eagle Electronic Technology (SZSE:002579) Cost of Goods Sold : ¥2,377 Mil (TTM As of Mar. 2024)

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What is Huizhou China Eagle Electronic Technology Cost of Goods Sold?

Huizhou China Eagle Electronic Technology's cost of goods sold for the three months ended in Mar. 2024 was ¥600 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was ¥2,377 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Huizhou China Eagle Electronic Technology's Gross Margin % for the three months ended in Mar. 2024 was 9.4%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Huizhou China Eagle Electronic Technology's Inventory Turnover for the three months ended in Mar. 2024 was 1.06.

Huizhou China Eagle Electronic Technology Cost of Goods Sold Historical Data

The historical data trend for Huizhou China Eagle Electronic Technology'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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Huizhou China Eagle Electronic Technology Cost of Goods Sold Chart

Huizhou China Eagle Electronic Technology Annual Data

Trend

Dec14

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Dec23

Cost of Goods Sold

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1,611.23

1,796.81

2,413.73

2,787.06

2,333.17

Huizhou China Eagle Electronic Technology 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															555.97	604.15	564.27	608.77	599.93

Huizhou China Eagle Electronic Technology 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 ¥2,377 Mil.

Huizhou China Eagle Electronic Technology (SZSE:002579) Cost of Goods Sold Explanation

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

Huizhou China Eagle Electronic Technology's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(662.178	-	599.93)	/	662.178
	=	9.4 %

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:

Huizhou China Eagle Electronic Technology's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	599.93	/	565.903
	=	1.06

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.

Huizhou China Eagle Electronic Technology Cost of Goods Sold Related Terms

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Huizhou China Eagle Electronic Technology (SZSE:002579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huizhou China Eagle Electronic Technology Inc (SZSE:002579) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Zhongjing Road, Chenjiang Street, Zhongkai High-tech Zone, Guangdong Province, Huizhou, CHN

Website

http://www.ceepcb.com

Huizhou China Eagle Electronic Technology Co Ltd researches and develops, produces, and sells printed circuit boards (PCBs) in China and internationally. Its products include offers high-end multilayer, high-density interconnect, and flexible PCBs. The company's products are used in consumer electronics, network communications, computers, automotive electronics, security industrial controls, medical equipment and artificial intelligence systems, Internet of things, smart wears and AR / VR, drones.

Executives

Wang Qin Sheng	Executives
Yang Peng Fei	Directors, executives
Duan Lun Yong	Executives
Chen Ru Ping	Secretary Dong
Huang Ruo Lei	Securities Affairs Representative
Liu De Wei	Directors, executives
Yu Xiang Bin	Directors, Directors, and Executives
Yang Lin	Director

Huizhou China Eagle Electronic Technology (SZSE:002579) Headlines

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