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Dongguan Chitwing Technology Co (SZSE:002855) COGS-to-Revenue : 0.88 (As of Mar. 2024)


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What is Dongguan Chitwing Technology Co COGS-to-Revenue?

Dongguan Chitwing Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥228 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥259 Mil.

Dongguan Chitwing Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Dongguan Chitwing Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 12.03%.

Dongguan Chitwing Technology Co COGS-to-Revenue Historical Data

The historical data trend for Dongguan Chitwing 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.

Dongguan Chitwing Technology Co COGS-to-Revenue Chart

Dongguan Chitwing 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 0.85 0.85 0.91 0.87 0.86

Dongguan Chitwing 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 0.88 0.88 0.82 0.83 0.88

Dongguan Chitwing Technology Co COGS-to-Revenue Calculation

Dongguan Chitwing 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
=1513.157 / 1767.417
=0.86

Dongguan Chitwing 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
=227.61 / 258.745
=0.88

* 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.

Dongguan Chitwing Technology Co  (SZSE:002855) COGS-to-Revenue Explanation

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

Dongguan Chitwing 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 - 227.61 / 258.745
=12.03 %

* 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.

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Dongguan Chitwing Technology Co (SZSE:002855) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongguan Chitwing Technology Co Ltd (SZSE:002855) » Definitions » COGS-to-Revenue
Comparable Companies
SZSE:002426 SHSE:603308 SZSE:300185 SHSE:688190 SZSE:002965 SHSE:600058 SHSE:605123 SZSE:301307 SZSE:301180 SZSE:002552 ATI MLI XTER:TKA SHSE:688122 TPE:2474 ESAB SZSE:000039 XTER:NDA CRS WOR
Traded in Other Exchanges
N/A
Address
Chang'an Industrial Park, Chang'an Town, Dongguan City, CHN, 523857
Website
http://www.chitwing.com
Dongguan Chitwing Technology Co Ltd is a manufacturer of precision structural parts and mold products. Its product line includes Wearable product structural parts, Mobile phone precision structural parts, Flat precision structural parts and Medical equipment parts. It provides mold development and structural parts for mobile phones, tablets, wearable products, medical equipment parts. The company has purchased advanced equipment, instruments, and production lines from Switzerland, Germany, Japan, and Korea.
Executives
Kang Kai Director
Zhao Xiao Qun Director

Dongguan Chitwing Technology Co (SZSE:002855) Headlines

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