Microvast Holdings (Microvast Holdings) COGS-to-Revenue : 0.79 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Microvast Holdings COGS-to-Revenue?

Microvast Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $64.1 Mil. Its Revenue for the three months ended in Mar. 2024 was $81.4 Mil.

Microvast Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.79.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Microvast Holdings's Gross Margin % for the three months ended in Mar. 2024 was 21.17%.

Microvast Holdings COGS-to-Revenue Historical Data

The historical data trend for Microvast 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.

* Premium members only.

Microvast Holdings COGS-to-Revenue Chart

Microvast Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

1.00

0.84

1.28

0.96

0.81

Microvast Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial											0.90	0.85	0.78	0.78	0.79

Microvast Holdings COGS-to-Revenue Calculation

Microvast 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
	=	249.39	/	306.617
	=	0.81

Microvast Holdings's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	64.126	/	81.351
	=	0.79

Microvast Holdings (NAS:MVST) COGS-to-Revenue Explanation

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

Microvast Holdings'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	-	64.126 / 81.351
	=	21.17 %

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.

Microvast Holdings COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Microvast Holdings's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Microvast Holdings (Microvast Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Microvast Holdings Inc (NAS:MVST) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

2OZA:Germany 2OZA:Germany 2OZ:Germany

Address

12603 Southwest Freeway, Suite 300, Stafford, TX, USA, 77477

Website

https://www.microvast.com

Microvast Holdings Inc is a technology innovator that designs, develops, and manufactures lithium-ion battery solutions. The company is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry to battery packs.

Executives

Yanzhuan Zheng	director, officer: CFO, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Craig Webster	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Zachariah Ward	officer: President, Microvast Energy	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yeelong Balladon	director	C/O MICROVAST HOLDINGS, INC., 12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Shane Smith	officer: COO & President, Microvast US	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Stephen A Vogel	director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Sarah Beth Alexander	officer: General Counsel	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Michael Stanley Whittingham	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Yang Wu	director, 10 percent owner, officer: CEO, COB, Director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wong Arthur Lap Tat	director	C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003
Shengxian Wu	officer: CEO, Microvast China	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Sascha Rene Kelterborn	officer: CRO & Man. Dir. Microvast EMEA	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wenjuan Mattis	officer: Chief Technology Officer (CTO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Lu Gao	officer: Chief Accounting Officer (CAO)	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477
Wei Ying	director	12603 SOUTHWEST FREEWAY, SUITE 210, STAFFORD TX 77477