Ovctek China (SZSE:300595) COGS-to-Revenue : 0.24 (As of Mar. 2024)

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What is Ovctek China COGS-to-Revenue?

Ovctek China's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥112 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥465 Mil.

Ovctek China's COGS to Revenue for the three months ended in Mar. 2024 was 0.24.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ovctek China's Gross Margin % for the three months ended in Mar. 2024 was 76.00%.

Ovctek China COGS-to-Revenue Historical Data

The historical data trend for Ovctek China'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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Ovctek China COGS-to-Revenue Chart

Ovctek China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.22

0.21

0.23

0.25

Ovctek China 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															0.22	0.27	0.22	0.31	0.24

Ovctek China COGS-to-Revenue Calculation

Ovctek China's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	438.08	/	1737.168
	=	0.25

Ovctek China's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	111.509	/	464.529
	=	0.24

Ovctek China (SZSE:300595) COGS-to-Revenue Explanation

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

Ovctek China'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	-	111.509 / 464.529
	=	76.00 %

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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Ovctek China (SZSE:300595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ovctek China Inc (SZSE:300595) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4899 Wangjiang West Road, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.orthok.cn

Ovctek China Inc is a China-based company engaged in the research and development, production, and sales of rigid gas permeable contact lens products. Its products include Hard Mirror, Mirror Teshu family, High-end ophthalmic products, and Security products. The company-owned trademarks are DreamVision, DreamDawei, Ri Dawei, Hua Cone, Jing Teshu, openvision, and Mengshiqing among others.

Executives

Tao Yue Qun	Directors, executives
	Directors, executives
Yin Yin	Director

Ovctek China (SZSE:300595) Headlines

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