CITIC Heavy Industries Co (SHSE:601608) COGS-to-Revenue : 0.82 (As of Mar. 2024)

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What is CITIC Heavy Industries Co COGS-to-Revenue?

CITIC Heavy Industries Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,795 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,177 Mil.

CITIC Heavy Industries Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CITIC Heavy Industries Co's Gross Margin % for the three months ended in Mar. 2024 was 17.55%.

CITIC Heavy Industries Co COGS-to-Revenue Historical Data

The historical data trend for CITIC Heavy Industries 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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CITIC Heavy Industries Co COGS-to-Revenue Chart

CITIC Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.74

0.76

0.79

0.84

0.80

CITIC Heavy Industries 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															0.82	0.82	0.79	0.78	0.82

CITIC Heavy Industries Co COGS-to-Revenue Calculation

CITIC Heavy Industries 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
	=	7671.448	/	9556.531
	=	0.80

CITIC Heavy Industries Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1795.004	/	2177.169
	=	0.82

CITIC Heavy Industries Co (SHSE:601608) COGS-to-Revenue Explanation

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

CITIC Heavy Industries 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	-	1795.004 / 2177.169
	=	17.55 %

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.

CITIC Heavy Industries Co COGS-to-Revenue Related Terms

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CITIC Heavy Industries Co (SHSE:601608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Heavy Industries Co Ltd (SHSE:601608) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

206 Jianshe Road, Henan Province, Luoyang, CHN, 471039

Website

http://www.citic-hic.com

CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.

CITIC Heavy Industries Co (SHSE:601608) Headlines

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