Tencent Holdings (HKSE:00700) COGS-to-Revenue : 0.51 (As of Sep. 2023)

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What is Tencent Holdings COGS-to-Revenue?

Tencent Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$83,780 Mil. Its Revenue for the three months ended in Sep. 2023 was HK$165,867 Mil.

Tencent Holdings's COGS to Revenue for the three months ended in Sep. 2023 was 0.51.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tencent Holdings's Gross Margin % for the three months ended in Sep. 2023 was 49.49%.

Tencent Holdings COGS-to-Revenue Historical Data

The historical data trend for Tencent Holdings'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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Tencent Holdings COGS-to-Revenue Chart

Tencent Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.56

0.54

0.56

0.57

0.52

Tencent Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.57	0.55	0.53	0.51	-

Tencent Holdings COGS-to-Revenue Calculation

Tencent Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	345531.313	/	666127.748
	=	0.52

Tencent Holdings's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	83780.472	/	165867.142
	=	0.51

Tencent Holdings (HKSE:00700) COGS-to-Revenue Explanation

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

Tencent Holdings's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	83780.472 / 165867.142
	=	49.49 %

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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Tencent Holdings (HKSE:00700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Holdings Ltd (HKSE:00700) » Definitions » COGS-to-Revenue

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TCTZF:USA TCEHY:USA TCEHY:Mexico 0Z4S:UK NNN:Germany NNND:Austria

Address

No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054

Website

http://www.tencent.com

Tencent is arguably the most influential internet firm in China as one can hardly go by a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game--Honor of Kings. Tencent also runs China's largest social media super app--WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.

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