Hongli Group (Hongli Group) COGS-to-Revenue : 0.69 (As of Dec. 2023)

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What is Hongli Group COGS-to-Revenue?

Hongli Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $4.88 Mil. Its Revenue for the six months ended in Dec. 2023 was $7.08 Mil.

Hongli Group's COGS to Revenue for the six months ended in Dec. 2023 was 0.69.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hongli Group's Gross Margin % for the six months ended in Dec. 2023 was 31.06%.

Hongli Group COGS-to-Revenue Historical Data

The historical data trend for Hongli 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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Hongli Group COGS-to-Revenue Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.57

0.60

0.65

0.67

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial				0.64	0.67	0.64	0.66	0.69

Hongli Group COGS-to-Revenue Calculation

Hongli Group's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	10.752	/	15.998
	=	0.67

Hongli Group's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.883	/	7.083
	=	0.69

Hongli Group (NAS:HLP) COGS-to-Revenue Explanation

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

Hongli Group'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	-	4.883 / 7.083
	=	31.06 %

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.

Hongli Group COGS-to-Revenue Related Terms

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Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

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