Guangzhou Restaurant Group Co (SHSE:603043) COGS-to-Revenue : 0.70 (As of Mar. 2024)

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What is Guangzhou Restaurant Group Co COGS-to-Revenue?

Guangzhou Restaurant Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥711 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥1,012 Mil.

Guangzhou Restaurant Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Guangzhou Restaurant Group Co's Gross Margin % for the three months ended in Mar. 2024 was 29.81%.

Guangzhou Restaurant Group Co COGS-to-Revenue Historical Data

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

Guangzhou Restaurant Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.47

0.61

0.62

0.64

Guangzhou Restaurant 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															0.68	0.75	0.58	0.67	0.70

Guangzhou Restaurant Group Co COGS-to-Revenue Calculation

Guangzhou Restaurant 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
	=	3154.779	/	4900.549
	=	0.64

Guangzhou Restaurant 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
	=	710.556	/	1012.349
	=	0.70

Guangzhou Restaurant Group Co (SHSE:603043) COGS-to-Revenue Explanation

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

Guangzhou Restaurant 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	-	710.556 / 1012.349
	=	29.81 %

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 Restaurant Group Co (SHSE:603043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Guangzhou Restaurant Group Co Ltd (SHSE:603043) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

12th Floor, Office Building, Ximenkou Square, No. 50, Zhongshan Road, Liwan District, Guangdong Province, Guangzhou City, CHN, 510170

Website

http://www.gzr.com.cn

Guangzhou Restaurant Group Co Ltd is a catering service and food production company. Its catering brands include Guangzhou Restaurant, Tianji and Westernland, Good and tangible, food brand Likoufu and Autumn Wind, with Guangzhou restaurant and food restaurants, Western-style Western-style light meals, good and tangible fusion restaurant, large food processing base and more than 160 Home food chain cake house.

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