Recon Technology (FRA:HRC) COGS-to-Revenue : 0.73 (As of Jun. 2023)

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What is Recon Technology COGS-to-Revenue?

Recon Technology's Cost of Goods Sold for the six months ended in Jun. 2023 was €2.04 Mil. Its Revenue for the six months ended in Jun. 2023 was €2.78 Mil.

Recon Technology's COGS to Revenue for the six months ended in Jun. 2023 was 0.73.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Recon Technology's Gross Margin % for the six months ended in Jun. 2023 was 26.60%.

Recon Technology COGS-to-Revenue Historical Data

The historical data trend for Recon Technology'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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Recon Technology COGS-to-Revenue Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.71

0.70

0.85

0.77

0.72

Recon Technology Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial															0.98	0.73	0.83	0.71	0.73

Recon Technology COGS-to-Revenue Calculation

Recon Technology's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6.218	/	8.65
	=	0.72

Recon Technology's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2.039	/	2.778
	=	0.73

Recon Technology (FRA:HRC) COGS-to-Revenue Explanation

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

Recon Technology's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2.039 / 2.778
	=	26.60 %

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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Recon Technology (FRA:HRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (FRA:HRC) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

RCON:USA

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.