Cheche Group (Cheche Group) COGS-to-Revenue : 0.95 (As of Dec. 2022)

View and export this data going back to 2023. Start your Free Trial

What is Cheche Group COGS-to-Revenue?

Cheche Group's Cost of Goods Sold for the six months ended in Dec. 2022 was $206.8 Mil. Its Revenue for the six months ended in Dec. 2022 was $217.9 Mil.

Cheche Group's COGS to Revenue for the six months ended in Dec. 2022 was 0.95.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cheche Group's Gross Margin % for the six months ended in Dec. 2022 was 5.07%.

Cheche Group COGS-to-Revenue Historical Data

The historical data trend for Cheche Group'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.

* Premium members only.

Cheche Group COGS-to-Revenue Chart

Cheche Group Annual Data

Trend

Dec21

Dec22

Dec23

COGS-to-Revenue

0.95

0.96

Cheche Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Dec23
COGS-to-Revenue	0.95	0.95	0.94	0.95	-

Cheche Group COGS-to-Revenue Calculation

Cheche Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	442.732	/	462.371
	=	0.96

Cheche Group's COGS to Revenue for the quarter that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	206.81	/	217.851
	=	0.95

Cheche Group (NAS:CCG) COGS-to-Revenue Explanation

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

Cheche Group's Gross Margin % for the six months ended in Dec. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	206.81 / 217.851
	=	5.07 %

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.

Cheche Group COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Cheche Group's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Cheche Group (Cheche Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cheche Group Inc (NAS:CCG) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-1 Deshengmenwai Avenue, 8th Floor, Desheng Hopson Fortune Plaza, Xicheng, Beijing, CHN, 100088

Website

https://www.chechegroup.com

Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.

Cheche Group (Cheche Group) Headlines

From GuruFocus

Cheche Group Drives Growth Through Collaboration with Top NEV Players, Including Li Auto

By PRNewswire • 09-22-2023

Cheche Group Providing Insurance Services for Xpeng EVs in Ten Cities

By PRNewswire • 10-02-2023