China MeiDong Auto Holdings (FRA:55M) COGS-to-Revenue : 0.93 (As of Dec. 2023)

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What is China MeiDong Auto Holdings COGS-to-Revenue?

China MeiDong Auto Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,720 Mil. Its Revenue for the six months ended in Dec. 2023 was €1,858 Mil.

China MeiDong Auto Holdings's COGS to Revenue for the six months ended in Dec. 2023 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China MeiDong Auto Holdings's Gross Margin % for the six months ended in Dec. 2023 was 7.44%.

China MeiDong Auto Holdings COGS-to-Revenue Historical Data

The historical data trend for China MeiDong Auto 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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China MeiDong Auto Holdings COGS-to-Revenue Chart

China MeiDong Auto Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.90

0.88

0.91

0.93

China MeiDong Auto Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.87	0.89	0.93	0.93	0.93

China MeiDong Auto Holdings COGS-to-Revenue Calculation

China MeiDong Auto 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
	=	3400.332	/	3667.198
	=	0.93

China MeiDong Auto Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1719.523	/	1857.821
	=	0.93

China MeiDong Auto Holdings (FRA:55M) COGS-to-Revenue Explanation

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

China MeiDong Auto Holdings's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1719.523 / 1857.821
	=	7.44 %

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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China MeiDong Auto Holdings (FRA:55M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China MeiDong Auto Holdings Ltd (FRA:55M) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CMEIF:USA 01268:Hong Kong 55M:Germany

Address

13th Floor, Unit A1, Huangjin Road, Tian An Tech Industry Building, Nancheng, Guangdong, Dongguan, CHN

Website

http://www.meidongauto.com

China MeiDong Auto Holdings Ltd is an investment holding company, which is engaged in the sale of automobiles and the provision of integrated services. The group operates 4S dealership stores covering world-renowned brands which are popular among Chinese consumers, including BMW, Lexus, Toyota and Hyundai, and others. It derives revenue primarily from the sale of passenger vehicles and by providing after-sales services and geographically all the operations function through the region of China.

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