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Xiamen Jihong Technology Co (SZSE:002803) COGS-to-Revenue : 0.59 (As of Mar. 2024)


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What is Xiamen Jihong Technology Co COGS-to-Revenue?

Xiamen Jihong Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥786 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,324 Mil.

Xiamen Jihong Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.59.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Xiamen Jihong Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 40.62%.

Xiamen Jihong Technology Co COGS-to-Revenue Historical Data

The historical data trend for Xiamen Jihong Technology 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.

* Premium members only.

Xiamen Jihong Technology Co COGS-to-Revenue Chart

Xiamen Jihong Technology 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 0.57 0.57 0.62 0.59 0.53

Xiamen Jihong Technology 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 0.54 0.52 0.52 0.55 0.59

Xiamen Jihong Technology Co COGS-to-Revenue Calculation

Xiamen Jihong Technology 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
=3570.914 / 6694.681
=0.53

Xiamen Jihong Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=786.494 / 1324.458
=0.59

* 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.

Xiamen Jihong Technology Co  (SZSE:002803) COGS-to-Revenue Explanation

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

Xiamen Jihong Technology 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 - 786.494 / 1324.458
=40.62 %

* 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.

Xiamen Jihong Technology Co COGS-to-Revenue Related Terms

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Xiamen Jihong Technology Co (SZSE:002803) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Xiamen Jihong Technology Co Ltd (SZSE:002803) » Definitions » COGS-to-Revenue
Comparable Companies
SHSE:600210 SHSE:601515 SZSE:002191 SZSE:002243 SHSE:601968 SZSE:002585 SZSE:300057 SZSE:002303 SZSE:002014 SZSE:002752 BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN
Traded in Other Exchanges
N/A
Address
No. 9 Putou Road, Dongfu Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361027
Website
http://www.jihong.cc
Xiamen Jihong Technology Co Ltd provides integrated packing solutions in China. The company designs, pre-presses, produces and distributes various packaging products, including cardboard packing, corrugate packing, rigid box, and plastic packing products. Its business categories include fast-moving consumer goods (FMCG) packaging, food packaging, frozen food packaging, electronic goods packaging, and cushion sales packaging. Its products include folding boxes for high automation assembly, window patching boxes, cold and humidity resistant boxes, rigid boxes, displays, and plastic packing.
Executives
Zhuang Hao Directors, executives
Wang Ya Peng Director
Zhang He Ping Directors, executives
Zhuang Shu Directors, executives
Wang Hai Ying Supervisors

Xiamen Jihong Technology Co (SZSE:002803) Headlines

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