Zhongmin Energy Co (SHSE:600163) COGS-to-Revenue : 0.37 (As of Mar. 2024)

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What is Zhongmin Energy Co COGS-to-Revenue?

Zhongmin Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥172 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥465 Mil.

Zhongmin Energy Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.37.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhongmin Energy Co's Gross Margin % for the three months ended in Mar. 2024 was 63.14%.

Zhongmin Energy Co COGS-to-Revenue Historical Data

The historical data trend for Zhongmin Energy 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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Zhongmin Energy Co COGS-to-Revenue Chart

Zhongmin Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.44

0.32

0.35

0.38

0.43

Zhongmin Energy Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.31	0.63	0.63	0.37	0.37

Zhongmin Energy Co COGS-to-Revenue Calculation

Zhongmin Energy 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
	=	750.154	/	1731.812
	=	0.43

Zhongmin Energy Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	171.516	/	465.302
	=	0.37

Zhongmin Energy Co (SHSE:600163) COGS-to-Revenue Explanation

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

Zhongmin Energy Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	171.516 / 465.302
	=	63.14 %

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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Zhongmin Energy Co (SHSE:600163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhongmin Energy Co Ltd (SHSE:600163) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 210, Wusi Road, 22nd Floor, International Building, Fujian Province, Fuzhou, CHN, 3500003

Website

http://www.zhongminenergy.com

Zhongmin Energy Co Ltd focuses on the development and construction of power generation projects in China. The company's business scope comprises of wind power generation, investment in the energy industry, power production, electrical installation, engineering consulting, construction materials, sales of mechanical and electrical equipment, machinery and equipment rental. It is mainly focused on the development and construction of wind, solar and other clean energy sources.

Executives

Tang Hui	Director
Chen You Si	Supervisors
Wen Tian Gen	Supervisors
Huang Guo Ying	Director
Wang Tian Shou	Supervisors
Lin Xiao Bang	Director
Tang Fu Min	Director
Chen Shou Qin	Director

Zhongmin Energy Co (SHSE:600163) Headlines

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