Ningbo Zhoushan Port Co (SHSE:601018) COGS-to-Revenue : 0.70 (As of Mar. 2024)

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What is Ningbo Zhoushan Port Co COGS-to-Revenue?

Ningbo Zhoushan Port Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,869 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥6,914 Mil.

Ningbo Zhoushan Port Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ningbo Zhoushan Port Co's Gross Margin % for the three months ended in Mar. 2024 was 29.58%.

Ningbo Zhoushan Port Co COGS-to-Revenue Historical Data

The historical data trend for Ningbo Zhoushan Port 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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Ningbo Zhoushan Port Co COGS-to-Revenue Chart

Ningbo Zhoushan Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.76

0.71

0.68

0.69

0.70

Ningbo Zhoushan Port 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															0.69	0.67	0.71	0.74	0.70

Ningbo Zhoushan Port Co COGS-to-Revenue Calculation

Ningbo Zhoushan Port 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
	=	18304.317	/	25993.2
	=	0.70

Ningbo Zhoushan Port Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4868.53	/	6913.578
	=	0.70

Ningbo Zhoushan Port Co (SHSE:601018) COGS-to-Revenue Explanation

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

Ningbo Zhoushan Port 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	-	4868.53 / 6913.578
	=	29.58 %

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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Ningbo Zhoushan Port Co (SHSE:601018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningbo Zhoushan Port Co Ltd (SHSE:601018) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 269, Ningdong Road, No. 1-4, Ningbo Global Shipping Plaza, Jiangdong District, Zhejiang Province, Ningbo, CHN, 315800

Website

https://www.nbport.com.cn

Ningbo Zhoushan Port Co Ltd operates in the ports of Ningbo and Zhoushan, China. The Company handles containers, minerals, crude oil, liquid chemical products and other goods. The company also provides port leasing, ship agency and logistics services.

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