Ningbo Deye Technology Co (SHSE:605117) COGS-to-Revenue : 0.64 (As of Mar. 2024)

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What is Ningbo Deye Technology Co COGS-to-Revenue?

Ningbo Deye Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,199 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,884 Mil.

Ningbo Deye Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ningbo Deye Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 36.33%.

Ningbo Deye Technology Co COGS-to-Revenue Historical Data

The historical data trend for Ningbo Deye Technology 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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Ningbo Deye Technology Co COGS-to-Revenue Chart

Ningbo Deye Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.79

0.77

0.62

0.60

Ningbo Deye Technology Co Quarterly Data
	Dec17	Dec18	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															0.57	0.59	0.64	0.60	0.64

Ningbo Deye Technology Co COGS-to-Revenue Calculation

Ningbo Deye Technology 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
	=	4456.805	/	7479.706
	=	0.60

Ningbo Deye Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1199.421	/	1883.732
	=	0.64

Ningbo Deye Technology Co (SHSE:605117) COGS-to-Revenue Explanation

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

Ningbo Deye Technology 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	-	1199.421 / 1883.732
	=	36.33 %

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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Ningbo Deye Technology Co (SHSE:605117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ningbo Deye Technology Co Ltd (SHSE:605117) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26, Yongjiang South Road, Daqi, Beilun District, Zhejiang Province, Ningbo, CHN, 315806

Website

http://www.deye.com.cn

Ningbo Deye Technology Co Ltd is engaged in the production and sales of components such as evaporators, condensers, and frequency conversion control chips, as well as environmental electrical products such as dehumidifiers and air source heat pump heaters.

Ningbo Deye Technology Co (SHSE:605117) Headlines

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