Echo International Holdings Group (HKSE:08218) COGS-to-Revenue : 0.70 (As of Sep. 2023)

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What is Echo International Holdings Group COGS-to-Revenue?

Echo International Holdings Group's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$10.77 Mil. Its Revenue for the three months ended in Sep. 2023 was HK$15.44 Mil.

Echo International Holdings Group's COGS to Revenue for the three months ended in Sep. 2023 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Echo International Holdings Group's Gross Margin % for the three months ended in Sep. 2023 was 30.25%.

Echo International Holdings Group COGS-to-Revenue Historical Data

The historical data trend for Echo International Holdings 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.

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Echo International Holdings Group COGS-to-Revenue Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

COGS-to-Revenue

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0.78

0.80

0.82

0.85

0.76

Echo International Holdings Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
COGS-to-Revenue	Get a 7-Day Free Trial															0.85	0.85	0.42	0.78	0.70

Echo International Holdings Group COGS-to-Revenue Calculation

Echo International Holdings Group's COGS to Revenue for the fiscal year that ended in Mar. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	42.002	/	55.285
	=	0.76

Echo International Holdings Group's COGS to Revenue for the quarter that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	10.767	/	15.437
	=	0.70

Echo International Holdings Group (HKSE:08218) COGS-to-Revenue Explanation

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

Echo International Holdings Group's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	10.767 / 15.437
	=	30.25 %

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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Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

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Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

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