State Power Rixin Technology Co (SZSE:301162) COGS-to-Revenue : 0.35 (As of Mar. 2024)

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What is State Power Rixin Technology Co COGS-to-Revenue?

State Power Rixin Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥36.0 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥103.5 Mil.

State Power Rixin Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.35.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. State Power Rixin Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 65.25%.

State Power Rixin Technology Co COGS-to-Revenue Historical Data

The historical data trend for State Power Rixin Technology 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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State Power Rixin Technology Co COGS-to-Revenue Chart

State Power Rixin Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.38

0.37

0.33

0.32

State Power Rixin Technology Co Quarterly Data
	Dec17	Dec18	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															0.35	0.29	0.33	0.33	0.35

State Power Rixin Technology Co COGS-to-Revenue Calculation

State Power Rixin Technology 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
	=	148.039	/	456.223
	=	0.32

State Power Rixin Technology Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	35.966	/	103.509
	=	0.35

State Power Rixin Technology Co (SZSE:301162) COGS-to-Revenue Explanation

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

State Power Rixin Technology 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	-	35.966 / 103.509
	=	65.25 %

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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State Power Rixin Technology Co (SZSE:301162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » State Power Rixin Technology Co Ltd (SZSE:301162) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 227, 2nd Floor, Building 1, Xisanqi Building Materials, Haidian District, Beijing, CHN, 100096

Website

https://www.sprixin.com

State Power Rixin Technology Co Ltd manufactures and distributes electrical power equipment. The Company produces power generation forecast products, new energy grid connected intelligent control systems, new energy power station intelligent operation systems, power grid new energy management systems, and others. State Power Rixin Technology also operates import and export businesses.

Executives

Ding Jiang Wei	Director
Yong Zheng	Directors, executives
Zhao Nan	Secretary Dong
Xiang Jie	Director
Wang Cai Yun	Directors, executives
Zhou Yong	Directors, executives
Qi Yan Qiao	Supervisors

State Power Rixin Technology Co (SZSE:301162) Headlines

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