Shandong Linglong Tyre Co (SHSE:601966) COGS-to-Revenue : 0.77 (As of Mar. 2024)

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What is Shandong Linglong Tyre Co COGS-to-Revenue?

Shandong Linglong Tyre Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,863 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥5,045 Mil.

Shandong Linglong Tyre Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.77.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shandong Linglong Tyre Co's Gross Margin % for the three months ended in Mar. 2024 was 23.43%.

Shandong Linglong Tyre Co COGS-to-Revenue Historical Data

The historical data trend for Shandong Linglong Tyre 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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Shandong Linglong Tyre Co COGS-to-Revenue Chart

Shandong Linglong Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.73

0.74

0.83

0.86

0.79

Shandong Linglong Tyre 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															0.83	0.81	0.77	0.76	0.77

Shandong Linglong Tyre Co COGS-to-Revenue Calculation

Shandong Linglong Tyre 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
	=	15928.561	/	20165.275
	=	0.79

Shandong Linglong Tyre Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3863.005	/	5044.862
	=	0.77

Shandong Linglong Tyre Co (SHSE:601966) COGS-to-Revenue Explanation

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

Shandong Linglong Tyre 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	-	3863.005 / 5044.862
	=	23.43 %

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.

Shandong Linglong Tyre Co COGS-to-Revenue Related Terms

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Shandong Linglong Tyre Co (SHSE:601966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Linglong Tyre Co Ltd (SHSE:601966) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406

Website

http://www.linglong.cn

Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.

Executives

Yang Ke Feng	Director
Lv Xiao Yan	senior management
Sun Song Tao	senior management
Feng Bao Chun	senior management

Shandong Linglong Tyre Co (SHSE:601966) Headlines

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