Ganfeng Lithium Group Co (STU:39EA) COGS-to-Revenue : 0.94 (As of Mar. 2024)

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What is Ganfeng Lithium Group Co COGS-to-Revenue?

Ganfeng Lithium Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €606 Mil. Its Revenue for the three months ended in Mar. 2024 was €646 Mil.

Ganfeng Lithium Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.94.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ganfeng Lithium Group Co's Gross Margin % for the three months ended in Mar. 2024 was 6.19%.

Ganfeng Lithium Group Co COGS-to-Revenue Historical Data

The historical data trend for Ganfeng Lithium Group 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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Ganfeng Lithium Group Co COGS-to-Revenue Chart

Ganfeng Lithium Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.76

0.79

0.60

0.51

0.86

Ganfeng Lithium Group Co Quarterly Data
	Jun19	Sep19	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															0.63	0.93	0.95	0.99	0.94

Ganfeng Lithium Group Co COGS-to-Revenue Calculation

Ganfeng Lithium Group 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
	=	3646.947	/	4234.48
	=	0.86

Ganfeng Lithium Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	606.162	/	646.152
	=	0.94

Ganfeng Lithium Group Co (STU:39EA) COGS-to-Revenue Explanation

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

Ganfeng Lithium Group 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	-	606.162 / 646.152
	=	6.19 %

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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Ganfeng Lithium Group Co (STU:39EA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (STU:39EA) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 002460:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

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