China Energy Development Holdings (HKSE:00228) COGS-to-Revenue : 0.38 (As of Dec. 2023)

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What is China Energy Development Holdings COGS-to-Revenue?

China Energy Development Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$61.4 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$163.8 Mil.

China Energy Development Holdings's COGS to Revenue for the six months ended in Dec. 2023 was 0.38.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Energy Development Holdings's Gross Margin % for the six months ended in Dec. 2023 was 62.50%.

China Energy Development Holdings COGS-to-Revenue Historical Data

The historical data trend for China Energy Development 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 Energy Development Holdings COGS-to-Revenue Chart

China Energy Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.37

0.46

0.30

0.38

0.36

China Energy Development 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															0.38	0.39	0.38	0.35	0.38

China Energy Development Holdings COGS-to-Revenue Calculation

China Energy Development 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
	=	119.578	/	332.034
	=	0.36

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	61.411	/	163.753
	=	0.38

China Energy Development Holdings (HKSE:00228) COGS-to-Revenue Explanation

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

China Energy Development 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	-	61.411 / 163.753
	=	62.50 %

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.

China Energy Development Holdings COGS-to-Revenue Related Terms

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China Energy Development Holdings (HKSE:00228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Energy Development Holdings Ltd (HKSE:00228) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Yeung Uk Road, Office J, 29th Floor, Plaza 88, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.cnenergy.com.hk

China Energy Development Holdings Ltd is engaged in oil and gas exploration; distribution of natural gas; sales of food and beverages and money lending business in Hong Kong. Its segments include revenue-generating segments: The Exploration, Production, and Distribution of Natural Gas segment engaged in the exploration, development, production, and sales of natural gas and the usage of pipelines for the distribution of natural gas; The Sales of Food and Beverages Business segment is engaged in the sales of food and beverages; and The Money Lending Business segment is engaged in the provision of loans to third parties.

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