Beijing Cuiwei Tower Co (SHSE:603123) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Beijing Cuiwei Tower Co COGS-to-Revenue?

Beijing Cuiwei Tower Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥491 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥627 Mil.

Beijing Cuiwei Tower Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Beijing Cuiwei Tower Co's Gross Margin % for the three months ended in Mar. 2024 was 21.72%.

Beijing Cuiwei Tower Co COGS-to-Revenue Historical Data

The historical data trend for Beijing Cuiwei Tower 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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Beijing Cuiwei Tower Co COGS-to-Revenue Chart

Beijing Cuiwei Tower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.81

0.73

0.67

0.73

0.76

Beijing Cuiwei Tower 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															0.73	0.72	0.78	0.79	0.78

Beijing Cuiwei Tower Co COGS-to-Revenue Calculation

Beijing Cuiwei Tower 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
	=	2769.36	/	3660.331
	=	0.76

Beijing Cuiwei Tower Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	491.151	/	627.456
	=	0.78

Beijing Cuiwei Tower Co (SHSE:603123) COGS-to-Revenue Explanation

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

Beijing Cuiwei Tower 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	-	491.151 / 627.456
	=	21.72 %

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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Beijing Cuiwei Tower Co (SHSE:603123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Beijing Cuiwei Tower Co Ltd (SHSE:603123) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 33, Fuxing Road, Haidian District, Beijing, CHN, 100036

Website

http://www.cwjt.com

Beijing Cuiwei Tower Co Ltd is engaged in department stores retail business. Its retailing products mainly include cosmetics, household appliances, and supermarket products. The company has three major commercial brands, namely Cuiwei Department Store, Contemporary Mall and Ganjiakou Department Store, and seven large department stores, which integrates department store, supermarket, catering, leisure and entertainment, and other urban quality life services.

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