CIMCfeway Technologies Co (SZSE:301559) COGS-to-Revenue : 0.83 (As of Mar. 2024)

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What is CIMCfeway Technologies Co COGS-to-Revenue?

CIMCfeway Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥512 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥619 Mil.

CIMCfeway Technologies Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.83.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CIMCfeway Technologies Co's Gross Margin % for the three months ended in Mar. 2024 was 17.32%.

CIMCfeway Technologies Co COGS-to-Revenue Historical Data

The historical data trend for CIMCfeway Technologies 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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CIMCfeway Technologies Co COGS-to-Revenue Chart

CIMCfeway Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.80

0.85

0.77

0.79

CIMCfeway Technologies Co 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									0.77	0.78	0.80	0.82	0.83

CIMCfeway Technologies Co COGS-to-Revenue Calculation

CIMCfeway Technologies 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
	=	3672.852	/	4663.224
	=	0.79

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	512.099	/	619.359
	=	0.83

CIMCfeway Technologies Co (SZSE:301559) COGS-to-Revenue Explanation

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

CIMCfeway Technologies 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	-	512.099 / 619.359
	=	17.32 %

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.

CIMCfeway Technologies Co COGS-to-Revenue Related Terms

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CIMCfeway Technologies Co (SZSE:301559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CIMC Safeway Technologies Co Ltd (SZSE:301559) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159, Chenggang Road, Jiangsu, Nantong, CHN, 226003

Website

https://www.cimctank.com

CIMC Safeway Technologies Co Ltd is engaged in the Design, development, manufacturing and sales of tank containers.

CIMCfeway Technologies Co (SZSE:301559) Headlines

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