Xinjiang Daqo New Energy Co (SHSE:688303) COGS-to-Revenue : 0.83 (As of Mar. 2024)

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What is Xinjiang Daqo New Energy Co COGS-to-Revenue?

Xinjiang Daqo New Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥2,483 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,982 Mil.

Xinjiang Daqo New Energy Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xinjiang Daqo New Energy Co's Gross Margin % for the three months ended in Mar. 2024 was 16.71%.

Xinjiang Daqo New Energy Co COGS-to-Revenue Historical Data

The historical data trend for Xinjiang Daqo New Energy 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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Xinjiang Daqo New Energy Co COGS-to-Revenue Chart

Xinjiang Daqo New Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.78

0.66

0.34

0.25

0.60

Xinjiang Daqo New Energy 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															0.28	0.58	0.85	0.80	0.83

Xinjiang Daqo New Energy Co COGS-to-Revenue Calculation

Xinjiang Daqo New Energy 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
	=	9740.993	/	16329.081
	=	0.60

Xinjiang Daqo New Energy Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2483.277	/	2981.639
	=	0.83

Xinjiang Daqo New Energy Co (SHSE:688303) COGS-to-Revenue Explanation

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

Xinjiang Daqo New Energy 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	-	2483.277 / 2981.639
	=	16.71 %

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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Xinjiang Daqo New Energy Co (SHSE:688303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinjiang Daqo New Energy Co Ltd (SHSE:688303) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Weiliu Road, New Chemical Material Industrial Park, Shihezi Economic Development Zone, Uygur Autonomous Region, Xinjiang, CHN, 832000

Website

http://www.xjdqsolar.com

Xinjiang Daqo New Energy Co Ltd research and development, manufacturing, and sales of high-purity polysilicon.

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