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Luohe Letone Hydraulics Technology Co (BJSE:832225) COGS-to-Revenue : 0.60 (As of Mar. 2024)


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What is Luohe Letone Hydraulics Technology Co COGS-to-Revenue?

Luohe Letone Hydraulics Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥60.4 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥100.9 Mil.

Luohe Letone Hydraulics Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Luohe Letone Hydraulics Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 40.18%.

Luohe Letone Hydraulics Technology Co COGS-to-Revenue Historical Data

The historical data trend for Luohe Letone Hydraulics Technology 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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Luohe Letone Hydraulics Technology Co COGS-to-Revenue Chart

Luohe Letone Hydraulics Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.66 0.74 0.62 0.52

Luohe Letone Hydraulics Technology Co Quarterly Data
Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.52 0.51 0.52 0.60

Luohe Letone Hydraulics Technology Co COGS-to-Revenue Calculation

Luohe Letone Hydraulics Technology 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
=253.174 / 485.4
=0.52

Luohe Letone Hydraulics Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=60.361 / 100.91
=0.60

* 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.

Luohe Letone Hydraulics Technology Co  (BJSE:832225) COGS-to-Revenue Explanation

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

Luohe Letone Hydraulics Technology 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 - 60.361 / 100.91
=40.18 %

* 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.

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.

Luohe Letone Hydraulics Technology Co COGS-to-Revenue Related Terms

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Luohe Letone Hydraulics Technology Co (BJSE:832225) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Luohe Letone Hydraulics Technology Co Ltd (BJSE:832225) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
No. 88, Dongfanghong Road, National Luohe Economic and Technological Development Zone, Henan Province, Luohe City, CHN, 462000
Website
https://www.letone.cn
Luohe Letone Hydraulics Technology Co Ltd is engaged in research and development, production, and sales of rubber hydraulic hoses. It is focused on polymer material blending, polymer material modification, hydraulic hoses, oil drilling hoses, fracturing hoses, rubber-plastic composite hoses, ultra-high pressure resin hoses, and fluid connections. It provides high-efficiency solutions for fluid transportation, high-performance solutions for polymer material blends, and high-efficiency transportation for shale oil and gas stimulation and acid fracturing pipelines.

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