Tongcheng Travel Holdings (HKSE:00780) COGS-to-Revenue : 0.31 (As of Dec. 2023)

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What is Tongcheng Travel Holdings COGS-to-Revenue?

Tongcheng Travel Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1,061 Mil. Its Revenue for the three months ended in Dec. 2023 was HK$3,439 Mil.

Tongcheng Travel Holdings's COGS to Revenue for the three months ended in Dec. 2023 was 0.31.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tongcheng Travel Holdings's Gross Margin % for the three months ended in Dec. 2023 was 69.16%.

Tongcheng Travel Holdings COGS-to-Revenue Historical Data

The historical data trend for Tongcheng Travel 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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Tongcheng Travel Holdings COGS-to-Revenue Chart

Tongcheng Travel Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.31

0.29

0.25

0.27

Tongcheng Travel Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.30	0.25	0.25	0.25	0.31

Tongcheng Travel Holdings COGS-to-Revenue Calculation

Tongcheng Travel 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
	=	3454.19	/	13011.861
	=	0.27

Tongcheng Travel Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1060.68	/	3439.434
	=	0.31

Tongcheng Travel Holdings (HKSE:00780) COGS-to-Revenue Explanation

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

Tongcheng Travel Holdings's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1060.68 / 3439.434
	=	69.16 %

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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Tongcheng Travel Holdings (HKSE:00780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tongcheng Travel Holdings Ltd (HKSE:00780) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TEM:Germany

Address

No. 188, Yuxin Road, Tongcheng Mansion, Suzhou Industrial Park, Jiangsu, CHN

Website

https://www.tongchengir.com

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

Executives

Tencent Holdings Limited
Trip.com Group Limited
Brown Brothers Harriman & Co.	2502 Approved lending agent
T. Rowe Price Associates, Inc. And Its Affiliates	2101 Beneficial owner
Ctrip.com International, Ltd.
C-travel International Limited
Tch Sapphire Limited
Image Frame Investment (hk) Limited	2101 Beneficial owner
Ctrip.com (hong Kong) Limited	2101 Beneficial owner

Tongcheng Travel Holdings (HKSE:00780) Headlines

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