China Gas Holdings (HKSE:00384) COGS-to-Revenue : 0.84 (As of Sep. 2023)

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What is China Gas Holdings COGS-to-Revenue?

China Gas Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$30,326 Mil. Its Revenue for the six months ended in Sep. 2023 was HK$36,049 Mil.

China Gas Holdings's COGS to Revenue for the six months ended in Sep. 2023 was 0.84.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Gas Holdings's Gross Margin % for the six months ended in Sep. 2023 was 15.88%.

China Gas Holdings COGS-to-Revenue Historical Data

The historical data trend for China Gas Holdings'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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China Gas Holdings COGS-to-Revenue Chart

China Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.76

0.71

0.74

0.82

0.87

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.79	0.84	0.84	0.90	0.84

China Gas Holdings COGS-to-Revenue Calculation

China Gas Holdings's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	79953.77	/	91988.445
	=	0.87

China Gas Holdings's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30325.581	/	36049.154
	=	0.84

China Gas Holdings (HKSE:00384) COGS-to-Revenue Explanation

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

China Gas Holdings's Gross Margin % for the six months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	30325.581 / 36049.154
	=	15.88 %

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.

China Gas Holdings COGS-to-Revenue Related Terms

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China Gas Holdings (HKSE:00384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (HKSE:00384) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CGHOF:USA CGHLY:USA EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

Executives

Liu Ming Hui	2101 Beneficial owner
Beijing Enterprises Group Company Limited
Beijing Enterprises Holdings Limited
Chiu Tat Jung Daniel	2201 Interest of corporation controlled by you
First Level Holdings Limited	2201 Interest of corporation controlled by you
Fortune Dynasty Holdings Limited	2201 Interest of corporation controlled by you
Fortune Oil Limited	2201 Interest of corporation controlled by you
Fortune Oil Prc Holdings Limited	2101 Beneficial owner
Joint Coast Alliance Market Development Limited	2201 Interest of corporation controlled by you
China Gas Group Limited	2101 Beneficial owner

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