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Shanghai Milkground Food Tech Co (SHSE:600882) COGS-to-Revenue : 0.67 (As of Mar. 2024)


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What is Shanghai Milkground Food Tech Co COGS-to-Revenue?

Shanghai Milkground Food Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥636 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥950 Mil.

Shanghai Milkground Food Tech Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai Milkground Food Tech Co's Gross Margin % for the three months ended in Mar. 2024 was 33.09%.

Shanghai Milkground Food Tech Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai Milkground Food Tech 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.

* Premium members only.

Shanghai Milkground Food Tech Co COGS-to-Revenue Chart

Shanghai Milkground Food Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.64 0.62 0.66 0.71

Shanghai Milkground Food Tech 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.67 0.74 0.75 0.67

Shanghai Milkground Food Tech Co COGS-to-Revenue Calculation

Shanghai Milkground Food Tech 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
=2865.231 / 4049.034
=0.71

Shanghai Milkground Food Tech Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=635.505 / 949.771
=0.67

* 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.

Shanghai Milkground Food Tech Co  (SHSE:600882) COGS-to-Revenue Explanation

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

Shanghai Milkground Food Tech 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 - 635.505 / 949.771
=33.09 %

* 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.

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.

Shanghai Milkground Food Tech Co COGS-to-Revenue Related Terms

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Shanghai Milkground Food Tech Co (SHSE:600882) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Milkground Food Tech Co Ltd (SHSE:600882) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
No. 1398 Jinqiao Road, 9th Floor, Jintai Building, Pudong New District, Shanghai, CHN, 200136
Website
http://www.groundmilk.com
Shanghai Milkground Food Tech Co Ltd is engaged in research and development, production, and sales of dairy products with a focus on cheese and liquid milk. Some of its products include Cheese sticks 100g; Cheese sticks 500g; Butter Fresh; Refined mozzarella cheese 125g; Refined mozzarella cheese 450g; Mozzarella cheese and others.
Executives
Xie Yi senior management
Ren Song Directors, senior managers
Guo Yong Lai senior management
Liu Da Yong senior management
Wang Yu Hong Supervisors
Liu Zong Shang Director
Hu Yan Chao senior management
Chai Xiu Director
Chen Yun Director
Bai Li Jun Director
Xu Wei Director

Shanghai Milkground Food Tech Co (SHSE:600882) Headlines

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