Chongqing Polycomp International (SZSE:301526) COGS-to-Revenue : 0.85 (As of Mar. 2024)

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What is Chongqing Polycomp International COGS-to-Revenue?

Chongqing Polycomp International's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,298 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,536 Mil.

Chongqing Polycomp International's COGS to Revenue for the three months ended in Mar. 2024 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chongqing Polycomp International's Gross Margin % for the three months ended in Mar. 2024 was 15.49%.

Chongqing Polycomp International COGS-to-Revenue Historical Data

The historical data trend for Chongqing Polycomp International'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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Chongqing Polycomp International COGS-to-Revenue Chart

Chongqing Polycomp International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.71

0.75

0.69

0.72

0.78

Chongqing Polycomp International Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial									0.78	0.76	0.79	0.81	0.85

Chongqing Polycomp International COGS-to-Revenue Calculation

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5611.538	/	7156.328
	=	0.78

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1297.883	/	1535.77
	=	0.85

Chongqing Polycomp International (SZSE:301526) COGS-to-Revenue Explanation

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

Chongqing Polycomp International'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	-	1297.883 / 1535.77
	=	15.49 %

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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Chongqing Polycomp International (SZSE:301526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Chongqing Polycomp International Corp (SZSE:301526) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area B, Jianqiao Industrial Park, Dadukou, Chongqing, CHN, 400082

Website

https://www.cpicfiber.com

Chongqing Polycomp International Corp is engaged in research & development, production and sales of glass fiber and its products.

Chongqing Polycomp International (SZSE:301526) Headlines

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