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Chongqing Changan Automobile Co (SZSE:000625) COGS-to-Revenue : 0.86 (As of Mar. 2024)


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What is Chongqing Changan Automobile Co COGS-to-Revenue?

Chongqing Changan Automobile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥31,687 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥37,023 Mil.

Chongqing Changan Automobile Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chongqing Changan Automobile Co's Gross Margin % for the three months ended in Mar. 2024 was 14.41%.


Chongqing Changan Automobile Co COGS-to-Revenue Historical Data

The historical data trend for Chongqing Changan Automobile 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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Chongqing Changan Automobile Co COGS-to-Revenue Chart

Chongqing Changan Automobile Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.85 0.83 0.80 0.82

Chongqing Changan Automobile 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.84 0.82 0.80 0.86

Chongqing Changan Automobile Co COGS-to-Revenue Calculation

Chongqing Changan Automobile 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
=123522.657 / 151297.707
=0.82

Chongqing Changan Automobile Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=31687.314 / 37023.223
=0.86

* 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.


Chongqing Changan Automobile Co  (SZSE:000625) COGS-to-Revenue Explanation

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

Chongqing Changan Automobile 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 - 31687.314 / 37023.223
=14.41 %

* 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.

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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Chongqing Changan Automobile Co (SZSE:000625) Business Description

Traded in Other Exchanges
Address
No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023
Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.
Executives
Yang Xin Min Independent director
Luo Yan Supervisors
Li Qing Wen Independent director
Yuan Ming Xue Executives
Fan Chao Dong Supervisors
Li Jun Secretary Dong
Liu Bo Executives
Dong Yang Independent director
Zhu Hua Rong Directors, executives
Chen Ling Tao Supervisors
Wang Jun Executives
Song Jia Executives
Cui Yun Jiang Directors, executives
Du Yi Executives
Zhao Lu Chuan Director

Chongqing Changan Automobile Co (SZSE:000625) Headlines

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