Hootech (SZSE:301026) COGS-to-Revenue : 0.93 (As of Mar. 2024)

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What is Hootech COGS-to-Revenue?

Hootech's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥289 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥312 Mil.

Hootech's COGS to Revenue for the three months ended in Mar. 2024 was 0.93.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hootech's Gross Margin % for the three months ended in Mar. 2024 was 7.29%.

Hootech COGS-to-Revenue Historical Data

The historical data trend for Hootech'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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Hootech COGS-to-Revenue Chart

Hootech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.86

0.92

Hootech 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															0.87	0.86	0.94	0.97	0.93

Hootech COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2325.15	/	2527.256
	=	0.92

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	289.088	/	311.813
	=	0.93

Hootech (SZSE:301026) COGS-to-Revenue Explanation

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

Hootech'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	-	289.088 / 311.813
	=	7.29 %

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.

Hootech COGS-to-Revenue Related Terms

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Hootech (SZSE:301026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hootech Inc (SZSE:301026) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 1, Liujing Road, Economic and Technological Development Zone, Jiangsu Province, Xuzhou City, CHN, 221004

Website

http://www.hootech.com.cn

Hootech Inc is engaged in research and development, production, sales and service of precious metal recycling and related products. The company's business segments are precious metal recycling, precious metal-based new materials, and trading.

Executives

Lin De Jian	Director
Yu Zhi Hao	Supervisors
Zhu Jin	Supervisors
Zhu Feng	Executives

Hootech (SZSE:301026) Headlines

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