Qingling Motors Co (HKSE:01122) COGS-to-Revenue : 0.97 (As of Dec. 2023)

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What is Qingling Motors Co COGS-to-Revenue?

Qingling Motors Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,758 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$1,819 Mil.

Qingling Motors Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qingling Motors Co's Gross Margin % for the six months ended in Dec. 2023 was 3.35%.

Qingling Motors Co COGS-to-Revenue Historical Data

The historical data trend for Qingling Motors Co'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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Qingling Motors Co COGS-to-Revenue Chart

Qingling Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.82

0.86

0.89

0.96

0.94

Qingling Motors Co 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															0.90	0.91	1.05	0.91	0.97

Qingling Motors Co COGS-to-Revenue Calculation

Qingling Motors Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3689.514	/	3933.814
	=	0.94

Qingling Motors Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1757.597	/	1818.561
	=	0.97

Qingling Motors Co (HKSE:01122) COGS-to-Revenue Explanation

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

Qingling Motors Co'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	-	1757.597 / 1818.561
	=	3.35 %

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.

Qingling Motors Co COGS-to-Revenue Related Terms

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Qingling Motors Co (HKSE:01122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingling Motors Co Ltd (HKSE:01122) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

QIN:Germany

Address

1 Xiexing Cun, Zhongliangshan, Jiulongpo District, Chongqing, CHN, 400052

Website

https://www.qingling.com.cn

Qingling Motors Co Ltd is a Chinese company which is engaged in the production and sale of Isuzu light, medium and heavy-duty trucks, pick-up trucks, multi-purpose vehicles and diesel and petrol engines. It also focuses on the manufacturing and sales of automobile parts and accessories. The company organizes its business into five segments namely Light-duty trucks and chassis; Pickup trucks and chassis; Medium and heavy-duty trucks and chassis; and Automobile parts, accessories and others. It also focuses on research and development activity for product, material, mould and process and fixtures. The company earns the majority of its revenue from the sale of trucks and vehicles in the People's Republic of China.

Qingling Motors Co (HKSE:01122) Headlines

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