Luckin Coffee (Luckin Coffee) COGS-to-Revenue : 0.86 (As of Dec. 2023)

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What is Luckin Coffee COGS-to-Revenue?

Luckin Coffee's Cost of Goods Sold for the three months ended in Dec. 2023 was $848 Mil. Its Revenue for the three months ended in Dec. 2023 was $989 Mil.

Luckin Coffee's COGS to Revenue for the three months ended in Dec. 2023 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Luckin Coffee's Gross Margin % for the three months ended in Dec. 2023 was 14.32%.

Luckin Coffee COGS-to-Revenue Historical Data

The historical data trend for Luckin Coffee'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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Luckin Coffee COGS-to-Revenue Chart

Luckin Coffee Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.06

1.03

0.71

0.64

0.68

Luckin Coffee Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.77	0.60	0.58	0.64	0.86

Luckin Coffee COGS-to-Revenue Calculation

Luckin Coffee's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2367.101	/	3487.741
	=	0.68

Luckin Coffee's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	847.782	/	989.464
	=	0.86

Luckin Coffee (OTCPK:LKNCY) COGS-to-Revenue Explanation

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

Luckin Coffee's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	847.782 / 989.464
	=	14.32 %

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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Luckin Coffee (Luckin Coffee) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Luckin Coffee Inc (OTCPK:LKNCY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

0A6U:UK LC0A:Germany

Address

1-3 Taibei Road, 28th Floor, Building T3, Haixi Jingu Plaza, Siming District, Fujian, Xiamen, CHN, 361008

Website

https://investor.luckincoffee.com

Luckin Coffee Inc is a China based company engaged in operation of coffee stores. It sources its Arabica coffee beans from various suppliers and engage World Barista Champion teams to design its coffee recipes. The company also has partnered with suppliers for other products such as juices and light meals.