Wens Foodstuff Group Co (SZSE:300498) COGS-to-Revenue : 0.97 (As of Mar. 2024)

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What is Wens Foodstuff Group Co COGS-to-Revenue?

Wens Foodstuff Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥21,128 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥21,848 Mil.

Wens Foodstuff Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.97.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wens Foodstuff Group Co's Gross Margin % for the three months ended in Mar. 2024 was 3.30%.

Wens Foodstuff Group Co COGS-to-Revenue Historical Data

The historical data trend for Wens Foodstuff Group 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.
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Wens Foodstuff Group Co COGS-to-Revenue Chart

Wens Foodstuff Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.72

0.80

1.08

0.84

0.99

Wens Foodstuff Group 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															1.07	1.02	0.91	0.98	0.97

Wens Foodstuff Group Co COGS-to-Revenue Calculation

Wens Foodstuff Group 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
	=	89147.024	/	89921.1
	=	0.99

Wens Foodstuff Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	21127.598	/	21847.553
	=	0.97

Wens Foodstuff Group Co (SZSE:300498) COGS-to-Revenue Explanation

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

Wens Foodstuff Group 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	-	21127.598 / 21847.553
	=	3.30 %

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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Wens Foodstuff Group Co (SZSE:300498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wens Foodstuff Group Co Ltd (SZSE:300498) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Dongdi North Road, Xincheng Town, Xinxing County, Guangdong Province, Yunfu, CHN, 527400

Website

https://www.wens.com.cn

Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.

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