Loongson Technology (SHSE:688047) COGS-to-Revenue : 0.69 (As of Mar. 2024)

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What is Loongson Technology COGS-to-Revenue?

Loongson Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥83.1 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥120.0 Mil.

Loongson Technology's COGS to Revenue for the three months ended in Mar. 2024 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Loongson Technology's Gross Margin % for the three months ended in Mar. 2024 was 30.74%.

Loongson Technology COGS-to-Revenue Historical Data

The historical data trend for Loongson Technology'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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Loongson Technology COGS-to-Revenue Chart

Loongson Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.43

0.51

0.46

0.53

0.64

Loongson Technology Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial												0.63	0.65	0.65	0.63	0.69

Loongson Technology COGS-to-Revenue Calculation

Loongson Technology's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	323.338	/	505.694
	=	0.64

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	83.108	/	119.998
	=	0.69

Loongson Technology (SHSE:688047) COGS-to-Revenue Explanation

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

Loongson Technology'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	-	83.108 / 119.998
	=	30.74 %

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.

Loongson Technology COGS-to-Revenue Related Terms

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Loongson Technology (SHSE:688047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Loongson Technology Corp Ltd (SHSE:688047) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 7, Dijin Road, Room 101, 1st Floor, Building 4, Haidian District, Beijing, CHN, 100095

Website

http://www.loongson.cn

Loongson Technology Corp Ltd is engaged in the development, sales and service of processors and supporting chips.

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