Shenzhen Topraysolar Co (SZSE:002218) COGS-to-Revenue : 0.76 (As of Mar. 2024)

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What is Shenzhen Topraysolar Co COGS-to-Revenue?

Shenzhen Topraysolar Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥216 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥283 Mil.

Shenzhen Topraysolar Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shenzhen Topraysolar Co's Gross Margin % for the three months ended in Mar. 2024 was 23.87%.

Shenzhen Topraysolar Co COGS-to-Revenue Historical Data

The historical data trend for Shenzhen Topraysolar 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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Shenzhen Topraysolar Co COGS-to-Revenue Chart

Shenzhen Topraysolar Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.70

0.66

0.72

0.75

Shenzhen Topraysolar 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															0.71	0.70	0.67	0.89	0.76

Shenzhen Topraysolar Co COGS-to-Revenue Calculation

Shenzhen Topraysolar 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
	=	844.723	/	1127.03
	=	0.75

Shenzhen Topraysolar Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	215.816	/	283.472
	=	0.76

Shenzhen Topraysolar Co (SZSE:002218) COGS-to-Revenue Explanation

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

Shenzhen Topraysolar 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	-	215.816 / 283.472
	=	23.87 %

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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Shenzhen Topraysolar Co (SZSE:002218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Topraysolar Co Ltd (SZSE:002218) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Songbai Road, Nangang No.1 Industrial Park, Building 9 & 10, Xili, Nanshan District, Shenzhen, Guangdong, CHN, 518108

Website

http://www.topraysolar.com

Shenzhen Topraysolar Co Ltd is a solar manufacturer based in China. The company's main business operations cover the development, production, and sale of solar battery chips, components, solar application products, solar power system, solar energy absorbers and water heater system. The company has a global presence across Africa, Europe, and North America.

Executives

Chen Chen	Director
Yang Guo Qiang	Directors, executives
Li Fen Li	Director
Chen Wu Kui	Directors, executives
Jian Jin Ying	Securities Affairs Representative
Ma Xiao Gang	Supervisors

Shenzhen Topraysolar Co (SZSE:002218) Headlines

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