Yechiu Metal Recycling (China) (SHSE:601388) COGS-to-Revenue : 0.93 (As of Mar. 2024)

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What is Yechiu Metal Recycling (China) COGS-to-Revenue?

Yechiu Metal Recycling (China)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,461 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,578 Mil.

Yechiu Metal Recycling (China)'s COGS to Revenue for the three months ended in Mar. 2024 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Yechiu Metal Recycling (China)'s Gross Margin % for the three months ended in Mar. 2024 was 7.42%.

Yechiu Metal Recycling (China) COGS-to-Revenue Historical Data

The historical data trend for Yechiu Metal Recycling (China)'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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Yechiu Metal Recycling (China) COGS-to-Revenue Chart

Yechiu Metal Recycling (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.89

0.84

0.82

0.89

0.92

Yechiu Metal Recycling (China) 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															0.89	0.91	0.95	0.94	0.93

Yechiu Metal Recycling (China) COGS-to-Revenue Calculation

Yechiu Metal Recycling (China)'s COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6254.13	/	6796.644
	=	0.92

Yechiu Metal Recycling (China)'s COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1460.746	/	1577.794
	=	0.93

Yechiu Metal Recycling (China) (SHSE:601388) COGS-to-Revenue Explanation

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

Yechiu Metal Recycling (China)'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	-	1460.746 / 1577.794
	=	7.42 %

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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Yechiu Metal Recycling (China) (SHSE:601388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yechiu Metal Recycling (China) Ltd (SHSE:601388) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No.88 Hufuhuang Road, Fuqiao Town, Jiangsu, Taicang, CHN

Website

http://www.yechiu.com.cn

Yechiu Metal Recycling (China) Ltd is engaged in the recycling, sorting, processing, melting and processing of metal resources. It involves in the collection of aluminum scrap resources from waste automobiles, construction materials, home appliances, etc. Its products are aluminum alloy ingots of various specifications and models. The products are widely used in automobiles, electrical appliances, machinery, construction, electricity, transportation, computers, packaging, hardware and other fields.

Executives

Liu Kai Min	Director
Li Yi Hui	Director
Gao Yu Lan	senior management
	senior management

Yechiu Metal Recycling (China) (SHSE:601388) Headlines

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