China National Gold Group Gold Jewellery Co (SHSE:600916) COGS-to-Revenue : 0.96 (As of Mar. 2024)

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What is China National Gold Group Gold Jewellery Co COGS-to-Revenue?

China National Gold Group Gold Jewellery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17,504 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥18,251 Mil.

China National Gold Group Gold Jewellery Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.96.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China National Gold Group Gold Jewellery Co's Gross Margin % for the three months ended in Mar. 2024 was 4.09%.

China National Gold Group Gold Jewellery Co COGS-to-Revenue Historical Data

The historical data trend for China National Gold Group Gold Jewellery 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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China National Gold Group Gold Jewellery Co COGS-to-Revenue Chart

China National Gold Group Gold Jewellery Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.95

0.96

0.97

0.96

China National Gold Group Gold Jewellery Co Quarterly Data
	Dec18	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															0.96	0.95	0.96	0.96	0.96

China National Gold Group Gold Jewellery Co COGS-to-Revenue Calculation

China National Gold Group Gold Jewellery 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
	=	54038.104	/	56364.372
	=	0.96

China National Gold Group Gold Jewellery Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	17503.598	/	18250.656
	=	0.96

China National Gold Group Gold Jewellery Co (SHSE:600916) COGS-to-Revenue Explanation

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

China National Gold Group Gold Jewellery 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	-	17503.598 / 18250.656
	=	4.09 %

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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China National Gold Group Gold Jewellery Co (SHSE:600916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China National Gold Group Gold Jewellery Co Ltd (SHSE:600916) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 2, Jingyuan North Street, Room 305, Building 49, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

https://www.chnau99999.com

China National Gold Group Gold & Jewelery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.

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