China Merchants Land (HKSE:00978) COGS-to-Revenue : 0.90 (As of Dec. 2023)

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What is China Merchants Land COGS-to-Revenue?

China Merchants Land's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$18,604 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$20,767 Mil.

China Merchants Land's COGS to Revenue for the six months ended in Dec. 2023 was 0.90.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Merchants Land's Gross Margin % for the six months ended in Dec. 2023 was 10.41%.

China Merchants Land COGS-to-Revenue Historical Data

The historical data trend for China Merchants Land'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 Merchants Land COGS-to-Revenue Chart

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.67

0.75

0.82

0.87

China Merchants Land 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															0.82	0.84	0.89	0.81	0.90

China Merchants Land COGS-to-Revenue Calculation

China Merchants Land's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	27268.238	/	31501.756
	=	0.87

China Merchants Land's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18604.208	/	20767.086
	=	0.90

China Merchants Land (HKSE:00978) COGS-to-Revenue Explanation

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

China Merchants Land'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	-	18604.208 / 20767.086
	=	10.41 %

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 Merchants Land COGS-to-Revenue Related Terms

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China Merchants Land (HKSE:00978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.

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