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Tat Hong Equipment Service Co (HKSE:02153) Cost of Goods Sold : HK$641.6 Mil (TTM As of Sep. 2023)


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What is Tat Hong Equipment Service Co Cost of Goods Sold?

Tat Hong Equipment Service Co's cost of goods sold for the six months ended in Sep. 2023 was HK$316.3 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2023 was HK$641.6 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tat Hong Equipment Service Co's Gross Margin % for the six months ended in Sep. 2023 was 17.79%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Tat Hong Equipment Service Co's Inventory Turnover for the six months ended in Sep. 2023 was 7.02.


Tat Hong Equipment Service Co Cost of Goods Sold Historical Data

The historical data trend for Tat Hong Equipment Service Co's Cost of Goods Sold 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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Tat Hong Equipment Service Co Cost of Goods Sold Chart

Tat Hong Equipment Service Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cost of Goods Sold
Get a 7-Day Free Trial 554.44 543.83 619.78 780.33 680.57

Tat Hong Equipment Service Co Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cost of Goods Sold Get a 7-Day Free Trial Premium Member Only Premium Member Only 356.90 415.19 348.75 325.35 316.28

Tat Hong Equipment Service Co Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$641.6 Mil.

* 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.


Tat Hong Equipment Service Co  (HKSE:02153) Cost of Goods Sold Explanation

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

Tat Hong Equipment Service Co's Gross Margin % for the six months ended in Sep. 2023 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(384.703 - 316.277) / 384.703
=17.79 %

* 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.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Tat Hong Equipment Service Co's Inventory Turnover for the six months ended in Sep. 2023 is calculated as:

* 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.

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.


Tat Hong Equipment Service Co Cost of Goods Sold Related Terms

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Tat Hong Equipment Service Co (HKSE:02153) Business Description

Traded in Other Exchanges
N/A
Address
No. 2377, Shenkun Road, Room 601, Building 8, PortMix, Minhang District, Shanghai, CHN, 201106
Tat Hong Equipment Service Co Ltd is engaged in the business of providing tower crane services. The company provides one-stop tower crane solution services from consultation, technical design, commissioning, and construction to after-sales services. Its segments include namely infrastructure, clean energy, traditional energy, public and plant construction, commercial and residential sectors.
Executives
Chwee Cheng & Sons Pte Ltd 2201 Interest of corporation controlled by you
Ng San Tiong 2301 Trustee
Ng San Wee 2301 Trustee
Ng Sun Ho 2301 Trustee
Tat Hong Equipment (china) Pte. Ltd. 2101 Beneficial owner
Tat Hong Holdings Ltd 2201 Interest of corporation controlled by you
Tat Hong International Pte Ltd 2201 Interest of corporation controlled by you
Th60 Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Thsc Investments Pte. Ltd. 2201 Interest of corporation controlled by you
Ng Sun Giam 2301 Trustee
Ng Sun Giam Roger 2301 Trustee
Zoomlion H.k. Holding Co., Limited 2201 Interest of corporation controlled by you
Zoomlion Heavy Industry Science And Technology Co.,limited 2201 Interest of corporation controlled by you
Zoomlion International Trading (h.k.) Co.,limited 2101 Beneficial owner
Lim Hua Min 2201 Interest of corporation controlled by you

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