Guangzhou Development Group (SHSE:600098) COGS-to-Revenue : 0.89 (As of Mar. 2024)

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What is Guangzhou Development Group COGS-to-Revenue?

Guangzhou Development Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9,548 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥10,694 Mil.

Guangzhou Development Group's COGS to Revenue for the three months ended in Mar. 2024 was 0.89.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Guangzhou Development Group's Gross Margin % for the three months ended in Mar. 2024 was 10.72%.

Guangzhou Development Group COGS-to-Revenue Historical Data

The historical data trend for Guangzhou Development 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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Guangzhou Development Group COGS-to-Revenue Chart

Guangzhou Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.90

0.96

0.92

0.89

Guangzhou Development Group 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															0.90	0.88	0.89	0.90	0.89

Guangzhou Development Group COGS-to-Revenue Calculation

Guangzhou Development 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
	=	41716.717	/	46797.39
	=	0.89

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	9547.554	/	10694.409
	=	0.89

Guangzhou Development Group (SHSE:600098) COGS-to-Revenue Explanation

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

Guangzhou Development Group'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	-	9547.554 / 10694.409
	=	10.72 %

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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Guangzhou Development Group (SHSE:600098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Guangzhou Development Group Inc (SHSE:600098) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

28/F, Development Center, No. 3 Linjiang Avenue, Zhujiang Xincheng, Guangzhou, CHN

Website

http://www.gdg.com.cn

Guangzhou Development Group Incorporated is a China-based company operating in the integrated energy business. It is engaged in the investment, construction, development, and operation of electric power, coal, oil products, natural gas and new energy. The company is also involved in the energy logistics business.

Executives

Wu Xu	Director
Feng Kai Yun	Director
Li Shuang Yin	Supervisors
Yang Dan De	Director

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