Jiangsu Yanghe Brewery JSC (SZSE:002304) COGS-to-Revenue : 0.24 (As of Mar. 2024)

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What is Jiangsu Yanghe Brewery JSC COGS-to-Revenue?

Jiangsu Yanghe Brewery JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,895 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥16,255 Mil.

Jiangsu Yanghe Brewery JSC's COGS to Revenue for the three months ended in Mar. 2024 was 0.24.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Jiangsu Yanghe Brewery JSC's Gross Margin % for the three months ended in Mar. 2024 was 76.03%.

Jiangsu Yanghe Brewery JSC COGS-to-Revenue Historical Data

The historical data trend for Jiangsu Yanghe Brewery JSC'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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Jiangsu Yanghe Brewery JSC COGS-to-Revenue Chart

Jiangsu Yanghe Brewery JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.29

0.28

0.25

Jiangsu Yanghe Brewery JSC 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															0.23	0.25	0.25	0.30	0.24

Jiangsu Yanghe Brewery JSC COGS-to-Revenue Calculation

Jiangsu Yanghe Brewery JSC's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8200.246	/	33126.278
	=	0.25

Jiangsu Yanghe Brewery JSC's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3895.498	/	16254.885
	=	0.24

Jiangsu Yanghe Brewery JSC (SZSE:002304) COGS-to-Revenue Explanation

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

Jiangsu Yanghe Brewery JSC'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	-	3895.498 / 16254.885
	=	76.03 %

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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Jiangsu Yanghe Brewery JSC (SZSE:002304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu Yanghe Brewery JSC Ltd (SZSE:002304) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 118 Middle Avenue, Yanghe Town, Jiangsu Province, Suqian, CHN, 223800

Website

https://www.chinayanghe.com

Jiangsu Yanghe Brewery, founded in 2002, manufactures and markets baijiu (a distilled Chinese liquor) under the Yanghe, Shuanggou, and Sujiu brands. Yanghe's key products include the Blue Classic series, which accounted for about 80% of total sales, such as premium Dream Blue, mid- to high-end Sky Blue, and mass-market Ocean Blue. The company achieved revenue of CNY 30 billion in 2022, with half of sales from the non-Jiangsu market, leveraging its more than 8,000 distributors across China.

Jiangsu Yanghe Brewery JSC (SZSE:002304) Headlines

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