Biwin Storage Technology Co (SHSE:688525) COGS-to-Revenue : 0.75 (As of Mar. 2024)

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What is Biwin Storage Technology Co COGS-to-Revenue?

Biwin Storage Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,299 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,727 Mil.

Biwin Storage Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.75.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Biwin Storage Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 24.74%.

Biwin Storage Technology Co COGS-to-Revenue Historical Data

The historical data trend for Biwin Storage 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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Biwin Storage Technology Co COGS-to-Revenue Chart

Biwin Storage Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.84

0.89

0.82

0.86

0.98

Biwin Storage Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial										1.04	1.05	1.02	0.91	0.75

Biwin Storage Technology Co COGS-to-Revenue Calculation

Biwin Storage 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
	=	3527.418	/	3590.752
	=	0.98

Biwin Storage 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
	=	1299.457	/	1726.642
	=	0.75

Biwin Storage Technology Co (SHSE:688525) COGS-to-Revenue Explanation

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

Biwin Storage 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	-	1299.457 / 1726.642
	=	24.74 %

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.

Biwin Storage Technology Co COGS-to-Revenue Related Terms

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Biwin Storage Technology Co (SHSE:688525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Biwin Storage Technology Co Ltd (SHSE:688525) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

No. 1213, Liuxian Avenue, Taoyuan Street, Floor 1-3, Building 4, Building 4, Zone 2, Zhongguan Honghualing Industrial South District, Pingshan Community, Nanshan District, Guangdong, Shenzhen, CHN, 518055

Website

https://www.biwin.com.cn

Biwin Storage Technology Co Ltd focuses on the research and development and packaging and testing of memory chips. The company integrates storage medium characteristic research, firmware algorithm development, storage chip advanced packaging, storage chip test equipment R&D and algorithm development, brand operation and others. Its memory chip products are widely used in mobile smart terminals, PCs, industry terminals, data centers, smart cars, mobile storage and other information technology fields.

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