Grand Ming Group Holdings (HKSE:01271) COGS-to-Revenue : 0.49 (As of Sep. 2023)

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What is Grand Ming Group Holdings COGS-to-Revenue?

Grand Ming Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$94.3 Mil. Its Revenue for the six months ended in Sep. 2023 was HK$191.7 Mil.

Grand Ming Group Holdings's COGS to Revenue for the six months ended in Sep. 2023 was 0.49.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Grand Ming Group Holdings's Gross Margin % for the six months ended in Sep. 2023 was 50.79%.

Grand Ming Group Holdings COGS-to-Revenue Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings COGS-to-Revenue Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.57

0.76

0.78

0.92

0.60

Grand Ming Group 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															0.83	1.17	0.59	1.58	0.49

Grand Ming Group Holdings COGS-to-Revenue Calculation

Grand Ming Group 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
	=	3016.788	/	5004.56
	=	0.60

Grand Ming Group Holdings's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	94.333	/	191.702
	=	0.49

Grand Ming Group Holdings (HKSE:01271) COGS-to-Revenue Explanation

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

Grand Ming Group 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	-	94.333 / 191.702
	=	50.79 %

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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Grand Ming Group Holdings (HKSE:01271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

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