Sungeel Hitech Co (XKRX:365340) COGS-to-Revenue : 1.16 (As of Mar. 2024)

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What is Sungeel Hitech Co COGS-to-Revenue?

Sungeel Hitech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩39,198 Mil. Its Revenue for the three months ended in Mar. 2024 was ₩33,666 Mil.

Sungeel Hitech Co's COGS to Revenue for the three months ended in Mar. 2024 was 1.16.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sungeel Hitech Co's Gross Margin % for the three months ended in Mar. 2024 was -16.43%.

Sungeel Hitech Co COGS-to-Revenue Historical Data

The historical data trend for Sungeel Hitech 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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Sungeel Hitech Co COGS-to-Revenue Chart

Sungeel Hitech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

1.14

0.99

0.81

0.75

0.91

Sungeel Hitech Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial							0.75	0.76	1.00	1.30	1.16

Sungeel Hitech Co COGS-to-Revenue Calculation

Sungeel Hitech 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
	=	224976.034	/	247367.787
	=	0.91

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	39197.909	/	33666.07
	=	1.16

Sungeel Hitech Co (XKRX:365340) COGS-to-Revenue Explanation

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

Sungeel Hitech 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	-	39197.909 / 33666.07
	=	-16.43 %

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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Sungeel Hitech Co (XKRX:365340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungeel Hitech Co Ltd (XKRX:365340) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

143-12, Gunsansandan-ro, Jeollabuk-do, Bieungdo-dong, Gunsan-si, KOR

Website

https://www.sungeelht.com

Sungeel Hitech Co Ltd operates as a battery recycling company. The company provides lithium-ion battery recycling, sustainable rechargeable battery recycling, waste batteries full circulatory recycling, and circulation services. It also engages in producing high-purity battery materials such as nickel, cobalt, lithium, and others from the battery powder.

Sungeel Hitech Co (XKRX:365340) Headlines

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