Shougang Fushan Resources Group (HKSE:00639) COGS-to-Revenue : 0.50 (As of Dec. 2023)

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What is Shougang Fushan Resources Group COGS-to-Revenue?

Shougang Fushan Resources Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,215 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$2,449 Mil.

Shougang Fushan Resources Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.50.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shougang Fushan Resources Group's Gross Margin % for the six months ended in Dec. 2023 was 50.37%.

Shougang Fushan Resources Group COGS-to-Revenue Historical Data

The historical data trend for Shougang Fushan Resources Group'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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Shougang Fushan Resources Group COGS-to-Revenue Chart

Shougang Fushan Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.49

0.53

0.38

0.36

0.41

Shougang Fushan Resources Group 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															0.31	0.36	0.36	0.35	0.50

Shougang Fushan Resources Group COGS-to-Revenue Calculation

Shougang Fushan Resources Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2425.04	/	5891.068
	=	0.41

Shougang Fushan Resources Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1215.386	/	2448.763
	=	0.50

Shougang Fushan Resources Group (HKSE:00639) COGS-to-Revenue Explanation

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

Shougang Fushan Resources Group'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	-	1215.386 / 2448.763
	=	50.37 %

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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Shougang Fushan Resources Group (HKSE:00639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Fushan Resources Group Ltd (HKSE:00639) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

FSHYF:USA FU7:Germany

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.shougang-resources.com.hk

Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

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