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Shenzhen MinDe Electronics Technology (SZSE:300656) COGS-to-Revenue : 0.62 (As of Mar. 2024)


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What is Shenzhen MinDe Electronics Technology COGS-to-Revenue?

Shenzhen MinDe Electronics Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥40.5 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥65.7 Mil.

Shenzhen MinDe Electronics Technology's COGS to Revenue for the three months ended in Mar. 2024 was 0.62.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shenzhen MinDe Electronics Technology's Gross Margin % for the three months ended in Mar. 2024 was 38.38%.

Shenzhen MinDe Electronics Technology COGS-to-Revenue Historical Data

The historical data trend for Shenzhen MinDe Electronics Technology'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.

Shenzhen MinDe Electronics Technology COGS-to-Revenue Chart

Shenzhen MinDe Electronics Technology 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 0.66 0.72 0.72 0.75 0.67

Shenzhen MinDe Electronics Technology 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 0.70 0.73 0.73 0.55 0.62

Shenzhen MinDe Electronics Technology COGS-to-Revenue Calculation

Shenzhen MinDe Electronics Technology's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=268.02 / 399.509
=0.67

Shenzhen MinDe Electronics Technology's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=40.477 / 65.685
=0.62

* 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.

Shenzhen MinDe Electronics Technology  (SZSE:300656) COGS-to-Revenue Explanation

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

Shenzhen MinDe Electronics Technology'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 - 40.477 / 65.685
=38.38 %

* 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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Shenzhen MinDe Electronics Technology (SZSE:300656) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen MinDe Electronics Technology Ltd (SZSE:300656) » Definitions » COGS-to-Revenue
Comparable Companies
SHSE:605268 SZSE:300902 SZSE:300275 SZSE:300078 SZSE:002835 SZSE:300448 SZSE:301213 SZSE:300155 SZSE:301330 SHSE:600654 OSTO:ASSA B TSE:9735 SZSE:002236 ALLE MSA ADT OSTO:SECU B BCO TSE:2331 SZSE:002268
Traded in Other Exchanges
N/A
Address
No.5, Kezhi Xi Road, 5th Floor, Section 1, 25th Block, Keji Yuan, Nanshan District, Shenzhen, CHN, 518057
Website
http://www.mindeo.cn
Shenzhen MinDe Electronics Technology Ltd is a Chinese company engaged in designing, developing and manufacturing barcode scan instruments. Its products include handheld barcode scanners, cordless barcode scanners, scan engines, image platform, and lightweight data terminal, among others. The application domains are manufacturing, retailing, postage, logistic and medical services. It has customers in China and in various other countries.
Executives
Huang Xiao Dong Directors, executives
Gao Jian Directors, executives
Luo Yuan Xiong Supervisors
Zou Shan Feng Director
Fan Zhang Zheng Directors, executives
Yi Yang Qing Directors, executives
Bai Nan Supervisors
Chen Guo Bing Securities Affairs Representative
Xu Wen Huan Directors, executives

Shenzhen MinDe Electronics Technology (SZSE:300656) Headlines

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