NIO (NIO) COGS-to-Revenue : 0.93 (As of Dec. 2023)

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What is NIO COGS-to-Revenue?

NIO's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,216 Mil. Its Revenue for the three months ended in Dec. 2023 was $2,395 Mil.

NIO's COGS to Revenue for the three months ended in Dec. 2023 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. NIO's Gross Margin % for the three months ended in Dec. 2023 was 7.48%.

NIO COGS-to-Revenue Historical Data

The historical data trend for NIO'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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NIO COGS-to-Revenue Chart

NIO Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.15

0.88

0.81

0.90

0.95

NIO Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.96	0.98	0.99	0.92	0.93

NIO COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7361.998	/	7789.408
	=	0.95

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2216.177	/	2395.336
	=	0.93

NIO (NYSE:NIO) COGS-to-Revenue Explanation

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

NIO'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	-	2216.177 / 2395.336
	=	7.48 %

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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NIO (NIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NIO Inc (NYSE:NIO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

NIOIF:USA NIO:Singapore NIO:Mexico 09866:Hong Kong N3I:Germany N3I:Germany N3IA:Germany N3IA:Germany

Address

No. 56 AnTuo Road, Building 20, Anting Town, Jiading District, Shanghai, CHN, 201804

Website

https://www.nio.com

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.