Shenzhen Gas (SHSE:601139) COGS-to-Revenue : 0.85 (As of Mar. 2024)

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What is Shenzhen Gas COGS-to-Revenue?

Shenzhen Gas's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,821 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥6,863 Mil.

Shenzhen Gas'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. Shenzhen Gas's Gross Margin % for the three months ended in Mar. 2024 was 15.18%.

Shenzhen Gas COGS-to-Revenue Historical Data

The historical data trend for Shenzhen Gas'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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Shenzhen Gas COGS-to-Revenue Chart

Shenzhen Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.78

0.74

0.80

0.85

Shenzhen Gas 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															0.86	0.84	0.83	0.84	0.85

Shenzhen Gas COGS-to-Revenue Calculation

Shenzhen Gas's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	26135.511	/	30928.625
	=	0.85

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	5820.75	/	6862.512
	=	0.85

Shenzhen Gas (SHSE:601139) COGS-to-Revenue Explanation

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

Shenzhen Gas'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	-	5820.75 / 6862.512
	=	15.18 %

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.

Shenzhen Gas COGS-to-Revenue Related Terms

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Shenzhen Gas (SHSE:601139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Gas Corp Ltd (SHSE:601139) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Mei Road 268, Futian District, Guangdong Province, Shenzhen, CHN, 518049

Website

http://www.szgas.com.cn

Shenzhen Gas Corp Ltd is engaged in urban pipeline gas supply, liquefied petroleum gas wholesale, and bottled liquefied petroleum gas retail activities in China and internationally. It serves approximately 2.54 million pipeline gas customers. The company also holds rights for pipeline gas business in around 29 cities under the Shenzhen gas brand.

Executives

Zhuo Fan	Directors, senior managers
Wang Wen Jie	Director
Liu Zhao Yan	senior management
Guo Jia Jing	senior management
Yang Jin Biao	Supervisors
Liu Qiu Hui	Director
Yang Guang	senior management
Xue Bo	senior management
Li Zhen	Director
Zhang Wen He	senior management
Chen Qiu Xiong	Director
Sun Ping Gui	senior management
Ou Da Jiang	Director
Li Qing Ping	senior management

Shenzhen Gas (SHSE:601139) Headlines

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