Hotai Finance Co (TPE:6592) COGS-to-Revenue : 0.42 (As of Mar. 2024)

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What is Hotai Finance Co COGS-to-Revenue?

Hotai Finance Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,245 Mil. Its Revenue for the three months ended in Mar. 2024 was NT$7,784 Mil.

Hotai Finance Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.42.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hotai Finance Co's Gross Margin % for the three months ended in Mar. 2024 was 58.30%.

Hotai Finance Co COGS-to-Revenue Historical Data

The historical data trend for Hotai Finance 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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Hotai Finance Co COGS-to-Revenue Chart

Hotai Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.37

0.36

0.34

0.36

0.42

Hotai Finance 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															0.40	0.42	0.42	0.43	0.42

Hotai Finance Co COGS-to-Revenue Calculation

Hotai Finance 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
	=	11967.337	/	28660.435
	=	0.42

Hotai Finance Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3245.447	/	7783.711
	=	0.42

Hotai Finance Co (TPE:6592) COGS-to-Revenue Explanation

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

Hotai Finance 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	-	3245.447 / 7783.711
	=	58.30 %

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.

Hotai Finance Co COGS-to-Revenue Related Terms

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Hotai Finance Co (TPE:6592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hotai Finance Co Ltd (TPE:6592) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.605, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.hfcfinance.com.tw

Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle and scooter, and others. Geographically, the firm operates in China and Taiwan. It generates a most of revenue from interest income.

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