Fujian Highton Development Co (SHSE:603162) COGS-to-Revenue : 0.87 (As of Mar. 2024)

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What is Fujian Highton Development Co COGS-to-Revenue?

Fujian Highton Development Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥692 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥798 Mil.

Fujian Highton Development Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.87.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Fujian Highton Development Co's Gross Margin % for the three months ended in Mar. 2024 was 13.23%.

Fujian Highton Development Co COGS-to-Revenue Historical Data

The historical data trend for Fujian Highton Development 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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Fujian Highton Development Co COGS-to-Revenue Chart

Fujian Highton Development Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.68

0.78

0.58

0.60

0.85

Fujian Highton Development Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial											0.76	0.79	0.93	0.90	0.87

Fujian Highton Development Co COGS-to-Revenue Calculation

Fujian Highton Development 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
	=	1456.125	/	1705.344
	=	0.85

Fujian Highton Development Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	692.145	/	797.649
	=	0.87

Fujian Highton Development Co (SHSE:603162) COGS-to-Revenue Explanation

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

Fujian Highton Development 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	-	692.145 / 797.649
	=	13.23 %

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.

Fujian Highton Development Co COGS-to-Revenue Related Terms

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Fujian Highton Development Co (SHSE:603162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Highton Development Co Ltd (SHSE:603162) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401

Website

http://www.fj-highton.com

Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.

Executives

Zheng Yu Fang	Directors, senior managers
Ceng Er Bin	Director
Le Jun Jie	Director
Huang Tian Tian	senior management
Liu Guo Yong	Directors, senior managers

Fujian Highton Development Co (SHSE:603162) Headlines

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