CRCC High-Tech Equipment (HKSE:01786) COGS-to-Revenue : 0.98 (As of Dec. 2023)

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What is CRCC High-Tech Equipment COGS-to-Revenue?

CRCC High-Tech Equipment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,602 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$1,637 Mil.

CRCC High-Tech Equipment's COGS to Revenue for the six months ended in Dec. 2023 was 0.98.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CRCC High-Tech Equipment's Gross Margin % for the six months ended in Dec. 2023 was 2.14%.

CRCC High-Tech Equipment COGS-to-Revenue Historical Data

The historical data trend for CRCC High-Tech Equipment'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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CRCC High-Tech Equipment COGS-to-Revenue Chart

CRCC High-Tech Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.72

0.79

0.82

0.84

0.91

CRCC High-Tech Equipment Semi-Annual Data
	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														0.88	0.78	0.89	0.85	0.98

CRCC High-Tech Equipment COGS-to-Revenue Calculation

CRCC High-Tech Equipment's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3099.607	/	3390.689
	=	0.91

CRCC High-Tech Equipment's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1601.882	/	1636.979
	=	0.98

CRCC High-Tech Equipment (HKSE:01786) COGS-to-Revenue Explanation

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

CRCC High-Tech Equipment'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	-	1601.882 / 1636.979
	=	2.14 %

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.

CRCC High-Tech Equipment COGS-to-Revenue Related Terms

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CRCC High-Tech Equipment (HKSE:01786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRCC High-Tech Equipment Corporation Ltd (HKSE:01786) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 384, Yangfangwang, Jinma Town, Yunnan Province, Kunming, CHN

Website

http://www.crcce.com.cn

CRCC High-Tech Equipment Corporation Ltd is engaged in the manufacture of products in the large-scale railway track maintenance machinery industry and the provision of related services. Its revenues are generated from manufacturing and sales of machines, parts, components sales and services, overhaul services, and railway line maintenance services. Geographically, the majority of its revenue derives from China.

CRCC High-Tech Equipment (HKSE:01786) Headlines

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