Lao Feng Xiang Co (SHSE:600612) COGS-to-Revenue : 0.92 (As of Mar. 2024)

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What is Lao Feng Xiang Co COGS-to-Revenue?

Lao Feng Xiang Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥23,485 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥25,630 Mil.

Lao Feng Xiang Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lao Feng Xiang Co's Gross Margin % for the three months ended in Mar. 2024 was 8.37%.

Lao Feng Xiang Co COGS-to-Revenue Historical Data

The historical data trend for Lao Feng Xiang Co'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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Lao Feng Xiang Co COGS-to-Revenue Chart

Lao Feng Xiang Co Annual Data

Trend

Dec14

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Dec23

COGS-to-Revenue

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0.92

Lao Feng Xiang Co 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															0.92	0.91	0.92	0.91	0.92

Lao Feng Xiang Co COGS-to-Revenue Calculation

Lao Feng Xiang Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	65505.119	/	71435.641
	=	0.92

Lao Feng Xiang Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	23485.046	/	25629.818
	=	0.92

Lao Feng Xiang Co (SHSE:600612) COGS-to-Revenue Explanation

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

Lao Feng Xiang Co'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	-	23485.046 / 25629.818
	=	8.37 %

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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Lao Feng Xiang Co (SHSE:600612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lao Feng Xiang Co Ltd (SHSE:600612) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

900905:China

Address

No. 270, Luxi Road, 6th Floor, Building 1, Xuhui District, Shanghai, CHN, 200235

Website

http://www.laofengxiang.com

Lao Feng Xiang Co Ltd is engaged in the manufacture and sale of gold jewelry. It is also engaged in the manufacture and distribution of gold arts and crafts, and other related products.

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