Shin Steel Co (XKRX:162300) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Shin Steel Co COGS-to-Revenue?

Shin Steel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩82,457 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩89,677 Mil.

Shin Steel Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shin Steel Co's Gross Margin % for the three months ended in Mar. 2024 was 8.05%.

Shin Steel Co COGS-to-Revenue Historical Data

The historical data trend for Shin Steel 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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Shin Steel Co COGS-to-Revenue Chart

Shin Steel Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.91

0.92

0.93

0.89

0.92

Shin Steel Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial					0.91	0.90	0.91	0.94	0.92

Shin Steel Co COGS-to-Revenue Calculation

Shin Steel Co's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	349592.462	/	381031.987
	=	0.92

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	82456.973	/	89677.241
	=	0.92

Shin Steel Co (XKRX:162300) COGS-to-Revenue Explanation

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

Shin Steel 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	-	82456.973 / 89677.241
	=	8.05 %

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.

Shin Steel Co COGS-to-Revenue Related Terms

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Shin Steel Co (XKRX:162300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shin Steel Co Ltd (XKRX:162300) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

174, Mieumsandan 4-ro, Gangseo-gu, Busan, KOR

Website

http://www.shin-steel.com

Shin Steel Co Ltd is a steel distribution company that supplies various types of products such as Cold Rolled Steel, Galvanized Steel, Alu-Zinc Steel, Pre-Painted Steel, Stainless Steel, and Tin Plate Steel.

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