China Anchu Energy Storage Group (HKSE:02399) COGS-to-Revenue : 0.77 (As of Dec. 2023)

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What is China Anchu Energy Storage Group COGS-to-Revenue?

China Anchu Energy Storage Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$275.5 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$358.8 Mil.

China Anchu Energy Storage Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Anchu Energy Storage Group's Gross Margin % for the six months ended in Dec. 2023 was 23.21%.

China Anchu Energy Storage Group COGS-to-Revenue Historical Data

The historical data trend for China Anchu Energy Storage Group'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 Anchu Energy Storage Group COGS-to-Revenue Chart

China Anchu Energy Storage Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.62

0.72

0.71

0.76

0.77

China Anchu Energy Storage Group 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															0.67	0.67	0.84	0.77	0.77

China Anchu Energy Storage Group COGS-to-Revenue Calculation

China Anchu Energy Storage Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	543.972	/	705.579
	=	0.77

China Anchu Energy Storage Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	275.523	/	358.785
	=	0.77

China Anchu Energy Storage Group (HKSE:02399) COGS-to-Revenue Explanation

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

China Anchu Energy Storage Group'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	-	275.523 / 358.785
	=	23.21 %

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 Anchu Energy Storage Group (HKSE:02399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Anchu Energy Storage Group Ltd (HKSE:02399) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fordoo Industrial Zone E12, Xunmei Industrial Zone, Fengze District, Fujian Province, Quanzhou, CHN

Website

https://www.fordoo.cn

China Anchu Energy Storage Group Ltd formerly China Fordoo Holdings Ltd is engaged in the sales of menswear apparel and brand licensing. It is also involved in the sales of industrial products to customers located in Saudi Arabia. The segments of the group are Menswear Apparel and Industrial Products. In the Menswear apparel division, the company offers Men's trousers, Men's tops and Accessories. The principal place of the group's operation is in PRC.

Executives

Wang Xiu Hua	2101 Beneficial owner
Everkept Limited	2101 Beneficial owner
Kwok Kin Sun	2201 Interest of corporation controlled by you
Wong Tung Yam	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Cheng Cong	2201 Interest of corporation controlled by you
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Jpmorgan Chase & Co.
Equal Plus Limited	2101 Beneficial owner
Kwok Hon Fung	2201 Interest of corporation controlled by you
Asia Glory International Development Limited	2101 Beneficial owner
Chen Huiru	2201 Interest of corporation controlled by you
True Faith Ventures Limited	2101 Beneficial owner
Lu Ke	2101 Beneficial owner

China Anchu Energy Storage Group (HKSE:02399) Headlines

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