Chengtun Mining Group Co (SHSE:600711) COGS-to-Revenue : 0.85 (As of Mar. 2024)

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What is Chengtun Mining Group Co COGS-to-Revenue?

Chengtun Mining Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,084 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥5,961 Mil.

Chengtun Mining Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.85.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chengtun Mining Group Co's Gross Margin % for the three months ended in Mar. 2024 was 14.71%.

Chengtun Mining Group Co COGS-to-Revenue Historical Data

The historical data trend for Chengtun Mining Group 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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Chengtun Mining Group Co COGS-to-Revenue Chart

Chengtun Mining Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.96

0.90

0.89

Chengtun Mining Group 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															0.91	0.92	0.88	0.85	0.85

Chengtun Mining Group Co COGS-to-Revenue Calculation

Chengtun Mining Group 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
	=	21761.553	/	24455.814
	=	0.89

Chengtun Mining Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5084.309	/	5961.089
	=	0.85

Chengtun Mining Group Co (SHSE:600711) COGS-to-Revenue Explanation

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

Chengtun Mining Group 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	-	5084.309 / 5961.089
	=	14.71 %

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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Chengtun Mining Group Co (SHSE:600711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chengtun Mining Group Co Ltd (SHSE:600711) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Hubin North Road, Zhongmin Building 9F, Unit 2, Xiamen, Fujian, CHN, 361012

Website

http://www.600711.com

Chengtun Mining Group Co Ltd conducts metal mining and operation businesses. It provides non-ferrous metal mining, minerals trading, and metal financial services. The company provides services for worldwide customers.

Executives

Zou Ya Peng	senior management
Chen Dong	Director
Zhou Xian Jin	Director
Jin Xin	senior management
Xiong Bo	senior management
Zhang Zhen Peng	Director
Weng Xiong	Director

Chengtun Mining Group Co (SHSE:600711) Headlines

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