Satellite Chemical Co (SZSE:002648) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Satellite Chemical Co COGS-to-Revenue?

Satellite Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥6,898 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥8,805 Mil.

Satellite Chemical Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Satellite Chemical Co's Gross Margin % for the three months ended in Mar. 2024 was 21.66%.

Satellite Chemical Co COGS-to-Revenue Historical Data

The historical data trend for Satellite Chemical 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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Satellite Chemical Co COGS-to-Revenue Chart

Satellite Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.74

0.71

0.68

0.83

0.80

Satellite Chemical 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															0.84	0.81	0.79	0.77	0.78

Satellite Chemical Co COGS-to-Revenue Calculation

Satellite Chemical 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
	=	33257.39	/	41486.922
	=	0.80

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6897.652	/	8804.715
	=	0.78

Satellite Chemical Co (SZSE:002648) COGS-to-Revenue Explanation

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

Satellite Chemical 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	-	6897.652 / 8804.715
	=	21.66 %

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.

Satellite Chemical Co COGS-to-Revenue Related Terms

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Satellite Chemical Co (SZSE:002648) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Satellite Chemical Co Ltd (SZSE:002648) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bujiao Road, Jia’xing Industrial Park, Zhejiang, CHN, 314050

Website

https://www.satlpec.com

Satellite Chemical Co Ltd formerly Zhejiang Satellite Petrochemical Co Ltd is a China-based acrylic acid manufacturer. It is involved in integrating research and development, production, sales and logistics of propylene, polypropylene, acrylic acid, high purity acrylic acid to an acrylic ester, polymer emulsion and high absorbent resin.

Executives

Jin Feng Fu	Executives
Liu Shi Gang	Executives
Yang Yu Ying	Director
Cai Yong Sheng	Executives
Kong Dong	Independent director

Satellite Chemical Co (SZSE:002648) Headlines

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