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Zhejiang Red Dragonfly Footwear Co (SHSE:603116) COGS-to-Revenue : 0.63 (As of Mar. 2024)


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What is Zhejiang Red Dragonfly Footwear Co COGS-to-Revenue?

Zhejiang Red Dragonfly Footwear Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥376 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥601 Mil.

Zhejiang Red Dragonfly Footwear Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Zhejiang Red Dragonfly Footwear Co's Gross Margin % for the three months ended in Mar. 2024 was 37.41%.

Zhejiang Red Dragonfly Footwear Co COGS-to-Revenue Historical Data

The historical data trend for Zhejiang Red Dragonfly Footwear 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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Zhejiang Red Dragonfly Footwear Co COGS-to-Revenue Chart

Zhejiang Red Dragonfly Footwear 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 0.66 0.66 0.67 0.65 0.63

Zhejiang Red Dragonfly Footwear 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 0.63 0.62 0.65 0.63 0.63

Zhejiang Red Dragonfly Footwear Co COGS-to-Revenue Calculation

Zhejiang Red Dragonfly Footwear 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
=1558.676 / 2468.564
=0.63

Zhejiang Red Dragonfly Footwear Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=375.916 / 600.64
=0.63

* 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.

Zhejiang Red Dragonfly Footwear Co  (SHSE:603116) COGS-to-Revenue Explanation

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

Zhejiang Red Dragonfly Footwear 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 - 375.916 / 600.64
=37.41 %

* 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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Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Red Dragonfly Footwear Co Ltd (SHSE:603116) » Definitions » COGS-to-Revenue
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SZSE:300577 SZSE:002395 SHSE:603555 SZSE:300591 SHSE:603665 SZSE:300901 SZSE:300218 SHSE:603001 SHSE:603958 SHSE:603608 NKE XTER:ADS DECK ONON SZSE:300979 SKX BIRK TSE:7936 TPE:9910 CROX
Traded in Other Exchanges
N/A
Address
Wangjiatun Road, Dongpu Industrial Zone, Yubei Town, Yongjia County, Zhejiang, Wenzhou, CHN, 325102
Website
http://www.cnhqt.com
Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.
Executives
Qian Jin Bo Director
Wang Jian Bin Director
Zhang Shao Bin Directors, senior managers
Xue Xia senior management
Fang Xuan Ping Director
Chen Ming Hai Director
Xu Zhi Hong senior management
Jin Yin Kuan Director
Dong Zhong Wu senior management
Xu Wei senior management
Qian Xiu Fen senior management
Chen Man Cang Supervisors

Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Headlines

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