Shenzhen Minglida Precision Technology Co (SZSE:301268) COGS-to-Revenue : 0.89 (As of Mar. 2024)

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What is Shenzhen Minglida Precision Technology Co COGS-to-Revenue?

Shenzhen Minglida Precision Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥495 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥555 Mil.

Shenzhen Minglida Precision Technology Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shenzhen Minglida Precision Technology Co's Gross Margin % for the three months ended in Mar. 2024 was 10.79%.

Shenzhen Minglida Precision Technology Co COGS-to-Revenue Historical Data

The historical data trend for Shenzhen Minglida Precision 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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Shenzhen Minglida Precision Technology Co COGS-to-Revenue Chart

Shenzhen Minglida Precision Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.79

0.81

0.78

0.81

Shenzhen Minglida Precision Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial													0.79	0.83	0.79	0.85	0.89

Shenzhen Minglida Precision Technology Co COGS-to-Revenue Calculation

Shenzhen Minglida Precision 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
	=	3301.769	/	4069.525
	=	0.81

Shenzhen Minglida Precision 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
	=	495.349	/	555.277
	=	0.89

Shenzhen Minglida Precision Technology Co (SZSE:301268) COGS-to-Revenue Explanation

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

Shenzhen Minglida Precision 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	-	495.349 / 555.277
	=	10.79 %

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 Minglida Precision Technology Co (SZSE:301268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Minglida Precision Technology Co Ltd (SZSE:301268) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13 Langshan Road, Xili Street, 4th Floor, Research Building, Tsinghua Information Port, West of South Gate, Songpingshan Community, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.minglidagroup.com

Shenzhen Minglida Precision Technology Co Ltd is engaged in the design, research and development, production and sales of precision structural parts and molds.

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