MeiHua Holdings Group Co (SHSE:600873) COGS-to-Revenue : 0.81 (As of Mar. 2024)

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What is MeiHua Holdings Group Co COGS-to-Revenue?

MeiHua Holdings Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,233 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥6,487 Mil.

MeiHua Holdings Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.81.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MeiHua Holdings Group Co's Gross Margin % for the three months ended in Mar. 2024 was 19.33%.

MeiHua Holdings Group Co COGS-to-Revenue Historical Data

The historical data trend for MeiHua Holdings Group 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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MeiHua Holdings Group Co COGS-to-Revenue Chart

MeiHua Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.85

0.81

0.75

0.80

MeiHua Holdings Group 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															0.80	0.83	0.82	0.77	0.81

MeiHua Holdings Group Co COGS-to-Revenue Calculation

MeiHua Holdings Group 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
	=	22297.122	/	27760.612
	=	0.80

MeiHua Holdings Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5232.609	/	6486.56
	=	0.81

MeiHua Holdings Group Co (SHSE:600873) COGS-to-Revenue Explanation

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

MeiHua Holdings Group 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	-	5232.609 / 6486.56
	=	19.33 %

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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MeiHua Holdings Group Co (SHSE:600873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MeiHua Holdings Group Co Ltd (SHSE:600873) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66 Huaxiang Road, Economic and Technical Development Area, Hebei Province, Langfang, CHN, 065001

Website

http://www.meihuagrp.com

MeiHua Holdings Group Co Ltd is a China-based supplier of amino acid nutrition and health solution. Its products include Food additives, condiment, colloid, Amino acids, capsule, fertilizer and among others. It has professional amino acid detection and analysis center within China.

Executives

Chang Li Bin	Supervisors
He Jun	Directors, senior managers
Wang You	senior management
Wang Ai Jun	Director
Liu Xian Fang	senior management
Wang Li Hong	senior management
Liang Yu Bo	Directors, senior managers
Wang Wei	senior management

MeiHua Holdings Group Co (SHSE:600873) Headlines

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