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Hung Ching Developmentnstruction Co (TPE:2527) Cost of Goods Sold : NT$1,831 Mil (TTM As of Mar. 2024)


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What is Hung Ching Developmentnstruction Co Cost of Goods Sold?

Hung Ching Developmentnstruction Co's cost of goods sold for the three months ended in Mar. 2024 was NT$253 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was NT$1,831 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hung Ching Developmentnstruction Co's Gross Margin % for the three months ended in Mar. 2024 was 40.91%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Hung Ching Developmentnstruction Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.02.


Hung Ching Developmentnstruction Co Cost of Goods Sold Historical Data

The historical data trend for Hung Ching Developmentnstruction 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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Hung Ching Developmentnstruction Co Cost of Goods Sold Chart

Hung Ching Developmentnstruction Co 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 4,842.10 2,394.55 4,645.41 835.24 1,640.15

Hung Ching Developmentnstruction 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 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 62.52 130.50 1,326.94 120.18 253.35

Hung Ching Developmentnstruction 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 NT$1,831 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.


Hung Ching Developmentnstruction Co  (TPE:2527) Cost of Goods Sold Explanation

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

Hung Ching Developmentnstruction Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(428.729 - 253.354) / 428.729
=40.91 %

* 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:

Hung Ching Developmentnstruction Co's Inventory Turnover for the three months ended in Mar. 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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Hung Ching Developmentnstruction Co (TPE:2527) Business Description

Traded in Other Exchanges
N/A
Address
Keelung Road, 10th Floor, No.420, Section 1, Taipei, TWN
Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in the construction of national residential and commercial buildings for rent and sale. It is also engaged in the trading of various building materials. Reporting segments of the Group are divided into Real estate development, Construction, and Lease; Real estate is the key revenue driver for the company. Real estate development conducting sales of residential and commercial property and plant. Construction provides the building of residential and commercial property and plants. The leasing segment includes the lease of investment property.

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