Foshan Haitian Flavouring and Food Co (SHSE:603288) COGS-to-Revenue : 0.63 (As of Mar. 2024)

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What is Foshan Haitian Flavouring and Food Co COGS-to-Revenue?

Foshan Haitian Flavouring and Food Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,823 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥7,694 Mil.

Foshan Haitian Flavouring and Food Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Foshan Haitian Flavouring and Food Co's Gross Margin % for the three months ended in Mar. 2024 was 37.31%.

Foshan Haitian Flavouring and Food Co COGS-to-Revenue Historical Data

The historical data trend for Foshan Haitian Flavouring and Food 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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Foshan Haitian Flavouring and Food Co COGS-to-Revenue Chart

Foshan Haitian Flavouring and Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.55

0.58

0.61

0.64

0.65

Foshan Haitian Flavouring and Food 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															0.63	0.65	0.65	0.68	0.63

Foshan Haitian Flavouring and Food Co COGS-to-Revenue Calculation

Foshan Haitian Flavouring and Food 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
	=	16028.535	/	24559.312
	=	0.65

Foshan Haitian Flavouring and Food Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4823.246	/	7693.85
	=	0.63

Foshan Haitian Flavouring and Food Co (SHSE:603288) COGS-to-Revenue Explanation

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

Foshan Haitian Flavouring and Food 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	-	4823.246 / 7693.85
	=	37.31 %

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.

Foshan Haitian Flavouring and Food Co COGS-to-Revenue Related Terms

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Foshan Haitian Flavouring and Food Co (SHSE:603288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Foshan Haitian Flavouring and Food Co Ltd (SHSE:603288) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Wensha Road Foshan, Guangdong, CHN, 528000

Website

http://www.haitian-food.com

Foshan Haitian Flavouring and Food Company was founded in 1955 through the consolidation of 25 condiment producers in Foshan. The company mainly manufactures soy sauces, oyster sauces, dipping sauces, and seasoning sauces. It is the leading condiment producer with a number one market share in soy sauces and oyster sauces in China.

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