Hainan Strait Shipping Co (SZSE:002320) COGS-to-Revenue : 0.48 (As of Mar. 2024)

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What is Hainan Strait Shipping Co COGS-to-Revenue?

Hainan Strait Shipping Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥670 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,389 Mil.

Hainan Strait Shipping Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.48.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hainan Strait Shipping Co's Gross Margin % for the three months ended in Mar. 2024 was 51.80%.

Hainan Strait Shipping Co COGS-to-Revenue Historical Data

The historical data trend for Hainan Strait Shipping 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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Hainan Strait Shipping Co COGS-to-Revenue Chart

Hainan Strait Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.66

0.62

0.59

0.51

Hainan Strait Shipping 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															0.47	0.50	0.54	0.55	0.48

Hainan Strait Shipping Co COGS-to-Revenue Calculation

Hainan Strait Shipping 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
	=	2016.047	/	3931.581
	=	0.51

Hainan Strait Shipping Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	669.585	/	1389.194
	=	0.48

Hainan Strait Shipping Co (SZSE:002320) COGS-to-Revenue Explanation

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

Hainan Strait Shipping 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	-	669.585 / 1389.194
	=	51.80 %

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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Hainan Strait Shipping Co (SZSE:002320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Strait Shipping Co Ltd (SZSE:002320) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

East Ocean Building, 7th Floor, Binhai Road, Haikou, CHN, 570311

Website

http://www.hnss.net.cn

Hainan Strait Shipping Co Ltd is a China-based company principally engaged in the passenger transportation business. The company is also involved in logistics and tourism. Hainan Strait Shipping Co. Ltd. has approximately 18 passenger ships in operation, with a total of more than 700 seats.

Executives

Lin Hai	Supervisors
Zhang Zi Xin	Executives
Chen Xue Si	Supervisors
Chen Bo	Executives
Lin Jian	Director
Li Wei	Director

Hainan Strait Shipping Co (SZSE:002320) Headlines

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