Nanjing Hanrui Cobalt Co (SZSE:300618) COGS-to-Revenue : 0.83 (As of Mar. 2024)

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What is Nanjing Hanrui Cobalt Co COGS-to-Revenue?

Nanjing Hanrui Cobalt Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,093 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,311 Mil.

Nanjing Hanrui Cobalt Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nanjing Hanrui Cobalt Co's Gross Margin % for the three months ended in Mar. 2024 was 16.57%.

Nanjing Hanrui Cobalt Co COGS-to-Revenue Historical Data

The historical data trend for Nanjing Hanrui Cobalt 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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Nanjing Hanrui Cobalt Co COGS-to-Revenue Chart

Nanjing Hanrui Cobalt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.88

0.76

0.69

0.82

0.84

Nanjing Hanrui Cobalt 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	0.84	0.84	0.83	0.83

Nanjing Hanrui Cobalt Co COGS-to-Revenue Calculation

Nanjing Hanrui Cobalt 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
	=	4023.557	/	4788.752
	=	0.84

Nanjing Hanrui Cobalt Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1093.409	/	1310.599
	=	0.83

Nanjing Hanrui Cobalt Co (SZSE:300618) COGS-to-Revenue Explanation

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

Nanjing Hanrui Cobalt 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	-	1093.409 / 1310.599
	=	16.57 %

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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Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nanjing Hanrui Cobalt Co Ltd (SZSE:300618) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.hrcobalt.com

Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

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