Asia Commercial Holdings (HKSE:00104) COGS-to-Revenue : 0.67 (As of Sep. 2023)

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What is Asia Commercial Holdings COGS-to-Revenue?

Asia Commercial Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$226.3 Mil. Its Revenue for the six months ended in Sep. 2023 was HK$338.0 Mil.

Asia Commercial Holdings's COGS to Revenue for the six months ended in Sep. 2023 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Asia Commercial Holdings's Gross Margin % for the six months ended in Sep. 2023 was 33.06%.

Asia Commercial Holdings COGS-to-Revenue Historical Data

The historical data trend for Asia Commercial 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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Asia Commercial Holdings COGS-to-Revenue Chart

Asia Commercial Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.70

0.75

0.80

0.71

0.68

Asia Commercial Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.74	0.68	0.67	0.68	0.67

Asia Commercial Holdings COGS-to-Revenue Calculation

Asia Commercial Holdings's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	481.728	/	710.586
	=	0.68

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	226.273	/	338.01
	=	0.67

Asia Commercial Holdings (HKSE:00104) COGS-to-Revenue Explanation

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

Asia Commercial Holdings's Gross Margin % for the six months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	226.273 / 338.01
	=	33.06 %

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.

Asia Commercial Holdings COGS-to-Revenue Related Terms

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Asia Commercial Holdings (HKSE:00104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asia Commercial Holdings Ltd (HKSE:00104) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen’s Road East, 3901, 39th Floor, The Hopewell Centre, Wanchai, Hong Kong, HKG

Website

http://www.asiacommercialholdings.com

Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. The company currently operates in The People's Republic of China, United Kingdom, Hong Kong, and Switzerland out of which PRC generates the maximum revenue for the company.

Executives

Lam Kim Phung	2101 Beneficial owner
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Goodideal Industrial Limited	2101 Beneficial owner
Eav Yin	2101 Beneficial owner
Chanchhaya Trustee Holding Corporation
Covenhills Limited

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