China Tianying (SZSE:000035) COGS-to-Revenue : 0.63 (As of Mar. 2024)

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What is China Tianying COGS-to-Revenue?

China Tianying's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥793 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,252 Mil.

China Tianying's COGS to Revenue for the three months ended in Mar. 2024 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Tianying's Gross Margin % for the three months ended in Mar. 2024 was 36.66%.

China Tianying COGS-to-Revenue Historical Data

The historical data trend for China Tianying'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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China Tianying COGS-to-Revenue Chart

China Tianying Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.85

0.86

0.80

0.72

China Tianying 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															0.76	0.70	0.69	0.74	0.63

China Tianying COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3854.06	/	5323.631
	=	0.72

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	792.688	/	1251.525
	=	0.63

China Tianying (SZSE:000035) COGS-to-Revenue Explanation

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

China Tianying'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	-	792.688 / 1251.525
	=	36.66 %

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.

China Tianying COGS-to-Revenue Related Terms

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China Tianying (SZSE:000035) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Tianying Inc (SZSE:000035) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

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Address

No.1535,Hongmei Road, Build 2,Xinglian TehBuilding, Xuhui District, Shanghai, CHN

Website

http://www.ctyi.net

China Tianying Inc is an environmental protection and new energy enterprise. The company is engaged in the investment, build, operation and maintenance of MSW incineration power generation and steam manufacture, sludge treatment, food waste treatment, hazardous waste treatment, construction waste treatment, wastewater treatment and others.

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