Ningxia Baofeng Energy Group Co (SHSE:600989) COGS-to-Revenue : 0.71 (As of Mar. 2024)

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What is Ningxia Baofeng Energy Group Co COGS-to-Revenue?

Ningxia Baofeng Energy Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,864 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥8,227 Mil.

Ningxia Baofeng Energy Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ningxia Baofeng Energy Group Co's Gross Margin % for the three months ended in Mar. 2024 was 28.72%.

Ningxia Baofeng Energy Group Co COGS-to-Revenue Historical Data

The historical data trend for Ningxia Baofeng Energy Group 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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Ningxia Baofeng Energy Group Co COGS-to-Revenue Chart

Ningxia Baofeng Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.56

0.55

0.58

0.67

0.70

Ningxia Baofeng Energy Group 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	0.72	0.66	0.69	0.71

Ningxia Baofeng Energy Group Co COGS-to-Revenue Calculation

Ningxia Baofeng Energy Group 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
	=	20278.991	/	29135.511
	=	0.70

Ningxia Baofeng Energy Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5863.919	/	8226.862
	=	0.71

Ningxia Baofeng Energy Group Co (SHSE:600989) COGS-to-Revenue Explanation

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

Ningxia Baofeng Energy Group 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	-	5863.919 / 8226.862
	=	28.72 %

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.

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Ningxia Baofeng Energy Group Co (SHSE:600989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningxia Baofeng Energy Group Co Ltd (SHSE:600989) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Baofeng Circular Economy Industrial Park, Ningdong Energy and Chemical Industry Base, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750411

Website

http://www.baofengenergy.com

Ningxia Baofeng Energy Group Co Ltd is engaged in the manufacturing of chemicals and raw chemical materials. Its product includes Polythylene, Coke, MTBE, Pure Benzene, and Modified Asphalt.

Executives

Li Zhi Bin	senior management
Liu Shi Cheng	senior management
Yong Wu	Director
Wang Min	senior management
Liu Huai Bao	Supervisors
Lu Jun	Director
Liu Yuan Guan	Director
Xia Yun	Supervisors
He Xu	Supervisors
Gao Jian Jun	Director
Ji Yong Feng	senior management
Zheng Cun Xiao	senior management
Lin Wei Guo	Director
Chen Zhao Yuan	senior management

Ningxia Baofeng Energy Group Co (SHSE:600989) Headlines

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