Weichai Heavy Machinery Co (SZSE:000880) COGS-to-Revenue : 0.87 (As of Mar. 2024)

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What is Weichai Heavy Machinery Co COGS-to-Revenue?

Weichai Heavy Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥765 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥878 Mil.

Weichai Heavy Machinery Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Weichai Heavy Machinery Co's Gross Margin % for the three months ended in Mar. 2024 was 12.93%.

Weichai Heavy Machinery Co COGS-to-Revenue Historical Data

The historical data trend for Weichai Heavy Machinery 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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Weichai Heavy Machinery Co COGS-to-Revenue Chart

Weichai Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.86

0.87

0.88

Weichai Heavy Machinery 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															0.89	0.86	0.87	0.90	0.87

Weichai Heavy Machinery Co COGS-to-Revenue Calculation

Weichai Heavy Machinery 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
	=	3306.347	/	3761.951
	=	0.88

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	764.859	/	878.424
	=	0.87

Weichai Heavy Machinery Co (SZSE:000880) COGS-to-Revenue Explanation

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

Weichai Heavy Machinery 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	-	764.859 / 878.424
	=	12.93 %

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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Weichai Heavy Machinery Co (SZSE:000880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Heavy Machinery Co Ltd (SZSE:000880) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

No. 26 Minsheng East Street, Shandong Province, Weifang, CHN, 261001

Website

http://www.weichaihm.com

Weichai Heavy Machinery Co Ltd is a China-based company engaged in developing, manufacturing and selling marine power and power generating units. Its product portfolio includes medium-speed diesel engines, power generating sets, powertrain system for marine power, generating device market, diesel engine parts and marine gearbox parts. The company provides core power and complete solutions to the global shipping and energy electricity market.

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