China East Education Holdings (HKSE:00667) COGS-to-Revenue : 0.55 (As of Dec. 2023)

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What is China East Education Holdings COGS-to-Revenue?

China East Education Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,219 Mil. Its Revenue for the six months ended in Dec. 2023 was HK$2,216 Mil.

China East Education Holdings's COGS to Revenue for the six months ended in Dec. 2023 was 0.55.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China East Education Holdings's Gross Margin % for the six months ended in Dec. 2023 was 44.96%.

China East Education Holdings COGS-to-Revenue Historical Data

The historical data trend for China East Education 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 East Education Holdings COGS-to-Revenue Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.42

0.46

0.49

0.50

0.52

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial									0.53	0.47	0.54	0.49	0.55

China East Education Holdings COGS-to-Revenue Calculation

China East Education Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2264.601	/	4351.768
	=	0.52

China East Education Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1219.353	/	2215.592
	=	0.55

China East Education Holdings (HKSE:00667) COGS-to-Revenue Explanation

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

China East Education Holdings's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1219.353 / 2215.592
	=	44.96 %

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 East Education Holdings COGS-to-Revenue Related Terms

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China East Education Holdings (HKSE:00667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (HKSE:00667) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

ZX3:Germany

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.

Executives

Wei Zhiling	2202 Interest of your spouse
Xiao Guoqing	2201 Interest of corporation controlled by you
Xiao Guoqing Education Company Limited	2101 Beneficial owner
Wu Junbao	2201 Interest of corporation controlled by you
Wu Junbao Education Company Limited	2101 Beneficial owner
Zhou Jiaju	2202 Interest of your spouse
Cheng Jing	2202 Interest of your spouse
Wu Wei	2201 Interest of corporation controlled by you
Wu Wei Education Company Limited	2101 Beneficial owner

China East Education Holdings (HKSE:00667) Headlines

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