Topsports International Holdings (HKSE:06110) COGS-to-Revenue : 0.55 (As of Aug. 2023)

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What is Topsports International Holdings COGS-to-Revenue?

Topsports International Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was HK$8,460 Mil. Its Revenue for the six months ended in Aug. 2023 was HK$15,306 Mil.

Topsports International Holdings's COGS to Revenue for the six months ended in Aug. 2023 was 0.55.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Topsports International Holdings's Gross Margin % for the six months ended in Aug. 2023 was 44.73%.

Topsports International Holdings COGS-to-Revenue Historical Data

The historical data trend for Topsports International 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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Topsports International Holdings COGS-to-Revenue Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

COGS-to-Revenue

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0.58

0.59

0.57

0.58

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
COGS-to-Revenue	Get a 7-Day Free Trial								0.56	0.58	0.54	0.62	0.55

Topsports International Holdings COGS-to-Revenue Calculation

Topsports International Holdings's COGS to Revenue for the fiscal year that ended in Feb. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	18119.021	/	31068.457
	=	0.58

Topsports International Holdings's COGS to Revenue for the quarter that ended in Aug. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8460.191	/	15306.341
	=	0.55

Topsports International Holdings (HKSE:06110) COGS-to-Revenue Explanation

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

Topsports International Holdings's Gross Margin % for the six months ended in Aug. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	8460.191 / 15306.341
	=	44.73 %

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.

Topsports International Holdings COGS-to-Revenue Related Terms

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Topsports International Holdings (HKSE:06110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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