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Ningbonxing Medical Electric Co (SHSE:601567) COGS-to-Revenue : 0.69 (As of Mar. 2024)


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What is Ningbonxing Medical Electric Co COGS-to-Revenue?

Ningbonxing Medical Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,081 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥3,025 Mil.

Ningbonxing Medical Electric Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ningbonxing Medical Electric Co's Gross Margin % for the three months ended in Mar. 2024 was 31.20%.

Ningbonxing Medical Electric Co COGS-to-Revenue Historical Data

The historical data trend for Ningbonxing Medical Electric 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.

Ningbonxing Medical Electric Co COGS-to-Revenue Chart

Ningbonxing Medical Electric 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 0.71 0.71 0.75 0.71 0.66

Ningbonxing Medical Electric 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 0.70 0.68 0.61 0.65 0.69

Ningbonxing Medical Electric Co COGS-to-Revenue Calculation

Ningbonxing Medical Electric 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
=7566.257 / 11462.508
=0.66

Ningbonxing Medical Electric Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=2080.948 / 3024.789
=0.69

* 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.

Ningbonxing Medical Electric Co  (SHSE:601567) COGS-to-Revenue Explanation

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

Ningbonxing Medical Electric 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 - 2080.948 / 3024.789
=31.20 %

* 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.

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Ningbonxing Medical Electric Co (SHSE:601567) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Sanxing Medical Electric Co Ltd (SHSE:601567) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
No.17 Fenglin Road, Cicheng Tow, Jiangbei District, Ningbo, CHN, 315034
Website
http://www.sanxing.com
Ningbo Sanxing Medical Electric Co Ltd operates in the electricity measurement industry. The product portfolio of the group includes the Meter box, Smart substation, Switchgear, Power distribution automation devices and others. Geographically the firm operated through China however its business presence is also seen internationally.
Executives
Zheng Jian Jiang Director
Guo Su Directors, senior managers
Shen Guo Ying Directors, senior managers
Zheng Jun Da Supervisors
Mou Xi Lei Directors, senior managers
Xin Ning Director
Liang Song Luan senior management
Fu Guo Yi Supervisors
Li Wei Qing Director

Ningbonxing Medical Electric Co (SHSE:601567) Headlines

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