MINISO Group Holding (MINISO Group Holding) COGS-to-Revenue : 0.57 (As of Mar. 2024)

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What is MINISO Group Holding COGS-to-Revenue?

MINISO Group Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $293 Mil. Its Revenue for the three months ended in Mar. 2024 was $517 Mil.

MINISO Group Holding's COGS to Revenue for the three months ended in Mar. 2024 was 0.57.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MINISO Group Holding's Gross Margin % for the three months ended in Mar. 2024 was 43.41%.

MINISO Group Holding COGS-to-Revenue Historical Data

The historical data trend for MINISO Group Holding'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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MINISO Group Holding COGS-to-Revenue Chart

MINISO Group Holding Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

COGS-to-Revenue

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0.73

0.70

0.73

0.70

0.61

MINISO Group Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.61	0.60	0.58	0.57	0.57

MINISO Group Holding COGS-to-Revenue Calculation

MINISO Group Holding's COGS to Revenue for the fiscal year that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	981.673	/	1602.09
	=	0.61

MINISO Group Holding's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	292.588	/	517.049
	=	0.57

MINISO Group Holding (NYSE:MNSO) COGS-to-Revenue Explanation

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

MINISO Group Holding's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	292.588 / 517.049
	=	43.41 %

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.

MINISO Group Holding COGS-to-Revenue Related Terms

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MINISO Group Holding (MINISO Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MINISO Group Holding Ltd (NYSE:MNSO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

MNSO:Mexico 09896:Hong Kong MIF0:Germany

Address

No. 109, Pazhou Avenue, 8th Floor, M Plaza, Haizhu District, Guangdong Province, Guangzhou, CHN, 510000

Website

https://www.miniso.com

MINISO Group Holding Ltd is a retailer offering a variety of design-led lifestyle products. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand, which is engaged in the Design, buying and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying and sale of pop toys. The company generates maximum revenue from the MINISO brand segment. Geographically, it derives a majority of its revenue from China.