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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) COGS-to-Revenue : 0.60 (As of Mar. 2024)


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What is China Machinery Huanyu Certification and Inspection Co COGS-to-Revenue?

China Machinery Huanyu Certification and Inspection Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥101.3 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥169.1 Mil.

China Machinery Huanyu Certification and Inspection Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.60.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Machinery Huanyu Certification and Inspection Co's Gross Margin % for the three months ended in Mar. 2024 was 40.12%.

China Machinery Huanyu Certification and Inspection Co COGS-to-Revenue Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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.

* Premium members only.

China Machinery Huanyu Certification and Inspection Co COGS-to-Revenue Chart

China Machinery Huanyu Certification and Inspection Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
0.57 0.55 0.55 0.57 0.55

China Machinery Huanyu Certification and Inspection Co Quarterly Data
Dec19 Dec20 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 0.56 0.47 0.54 0.63 0.60

China Machinery Huanyu Certification and Inspection Co COGS-to-Revenue Calculation

China Machinery Huanyu Certification and Inspection 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
=414.187 / 753.72
=0.55

China Machinery Huanyu Certification and Inspection Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=101.269 / 169.116
=0.60

* 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.

China Machinery Huanyu Certification and Inspection Co  (SZSE:301508) COGS-to-Revenue Explanation

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

China Machinery Huanyu Certification and Inspection 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 - 101.269 / 169.116
=40.12 %

* 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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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » COGS-to-Revenue
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609
Website
http://www.cmhci.com.cn
China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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