China Mengniu Dairy Co (HKSE:02319) COGS-to-Revenue : 0.64 (As of Dec. 2023)

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What is China Mengniu Dairy Co COGS-to-Revenue?

China Mengniu Dairy Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$33,356 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$51,961 Mil.

China Mengniu Dairy Co's COGS to Revenue for the six months ended in Dec. 2023 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Mengniu Dairy Co's Gross Margin % for the six months ended in Dec. 2023 was 35.81%.

China Mengniu Dairy Co COGS-to-Revenue Historical Data

The historical data trend for China Mengniu Dairy 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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China Mengniu Dairy Co COGS-to-Revenue Chart

China Mengniu Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.62

0.63

0.65

0.63

China Mengniu Dairy 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															0.65	0.63	0.66	0.62	0.64

China Mengniu Dairy Co COGS-to-Revenue Calculation

China Mengniu Dairy 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
	=	67796.732	/	107872.894
	=	0.63

China Mengniu Dairy Co's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	33355.515	/	51960.533
	=	0.64

China Mengniu Dairy Co (HKSE:02319) COGS-to-Revenue Explanation

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

China Mengniu Dairy 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	-	33355.515 / 51960.533
	=	35.81 %

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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China Mengniu Dairy Co (HKSE:02319) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Mengniu Dairy Co Ltd (HKSE:02319) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

CIADY:USA CIADF:USA EZQ:Germany

Address

262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG

Website

https://www.mengniuir.com

China Mengniu Dairy, or Mengniu, is China's second-largest dairy producer by market share. The company produces a wide range of dairy products including liquid milk, ice cream, milk formula and cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yogurt and Yoyi C. Mengniu also owns two infant formula brands including Yashili and Bellamy as well as Milkground, a cheese brand.

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