Sany Heavy Industry Co (SHSE:600031) COGS-to-Revenue : 0.72 (As of Mar. 2024)

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What is Sany Heavy Industry Co COGS-to-Revenue?

Sany Heavy Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12,767 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥17,830 Mil.

Sany Heavy Industry Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sany Heavy Industry Co's Gross Margin % for the three months ended in Mar. 2024 was 28.39%.

Sany Heavy Industry Co COGS-to-Revenue Historical Data

The historical data trend for Sany Heavy Industry Co's COGS-to-Revenue 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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Sany Heavy Industry Co COGS-to-Revenue Chart

Sany Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

0.70

0.74

0.76

0.72

Sany Heavy Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.72	0.71	0.71	0.74	0.72

Sany Heavy Industry Co COGS-to-Revenue Calculation

Sany Heavy Industry Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	53326.369	/	74018.936
	=	0.72

Sany Heavy Industry Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	12767.485	/	17830.224
	=	0.72

Sany Heavy Industry Co (SHSE:600031) COGS-to-Revenue Explanation

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

Sany Heavy Industry Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	12767.485 / 17830.224
	=	28.39 %

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.

Sany Heavy Industry Co COGS-to-Revenue Related Terms

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Sany Heavy Industry Co (SHSE:600031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sany Heavy Industry Co Ltd (SHSE:600031) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

SANY Industrial Park, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410100

Website

http://www.sanyglobal.com

Sany is a leading construction machinery manufacturer in China and is one of the top 10 in the world in terms of revenue. Its products range from concrete and crane machinery to excavator, road construction, piling machinery, and others. Following its acquisition of Putzmeister in 2012, it strengthened its position in the concrete machinery space globally as one of the leading concrete pumps manufacturers. It is also the largest excavator manufacturer in China with 21% market share in 2017. China accounted for around 70% of its revenue in 2019, while the rest comes from overseas markets.

Sany Heavy Industry Co (SHSE:600031) Headlines

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