Lanpec Technologies Co (SHSE:601798) COGS-to-Revenue : 0.73 (As of Mar. 2024)

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What is Lanpec Technologies Co COGS-to-Revenue?

Lanpec Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥70 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥95 Mil.

Lanpec Technologies Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lanpec Technologies Co's Gross Margin % for the three months ended in Mar. 2024 was 26.82%.

Lanpec Technologies Co COGS-to-Revenue Historical Data

The historical data trend for Lanpec Technologies 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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Lanpec Technologies Co COGS-to-Revenue Chart

Lanpec Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.80

0.79

0.86

0.87

0.86

Lanpec Technologies 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															0.77	0.89	0.85	0.87	0.73

Lanpec Technologies Co COGS-to-Revenue Calculation

Lanpec Technologies 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
	=	959.285	/	1115.389
	=	0.86

Lanpec Technologies Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	69.68	/	95.216
	=	0.73

Lanpec Technologies Co (SHSE:601798) COGS-to-Revenue Explanation

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

Lanpec Technologies 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	-	69.68 / 95.216
	=	26.82 %

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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Lanpec Technologies Co (SHSE:601798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lanpec Technologies Co Ltd (SHSE:601798) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 338 Wanxin Road, Anning District, Lanzhou, CHN, 730070

Website

http://www.lanpec.com

Lanpec Technologies Co Ltd is engaged in the oil drilling machinery and equipment, refining and chemical equipment, marine and desert petroleum equipment and engineering, refining and chemical processing, and light industry and food machinery research.

Executives

Li Xu Yang	senior management
Zhang Jin	senior management
Lu Yi Zhou	senior management
Wang Hong	senior management
Gao Shang Pu	senior management
Jie Qing	Director
Zhang Yan Feng	Director
Liu Lu Yi	Supervisors

Lanpec Technologies Co (SHSE:601798) Headlines

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