Wecome Intelligent Manufacturing Co (SHSE:603070) COGS-to-Revenue : 0.80 (As of Mar. 2024)

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What is Wecome Intelligent Manufacturing Co COGS-to-Revenue?

Wecome Intelligent Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥345 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥434 Mil.

Wecome Intelligent Manufacturing Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.80.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wecome Intelligent Manufacturing Co's Gross Margin % for the three months ended in Mar. 2024 was 20.42%.

Wecome Intelligent Manufacturing Co COGS-to-Revenue Historical Data

The historical data trend for Wecome Intelligent Manufacturing 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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Wecome Intelligent Manufacturing Co COGS-to-Revenue Chart

Wecome Intelligent Manufacturing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.65

0.67

0.75

0.74

0.75

Wecome Intelligent Manufacturing Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial											0.73	0.74	0.76	0.78	0.80

Wecome Intelligent Manufacturing Co COGS-to-Revenue Calculation

Wecome Intelligent Manufacturing 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
	=	1722.99	/	2292.415
	=	0.75

Wecome Intelligent Manufacturing Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	345.289	/	433.875
	=	0.80

Wecome Intelligent Manufacturing Co (SHSE:603070) COGS-to-Revenue Explanation

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

Wecome Intelligent Manufacturing 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	-	345.289 / 433.875
	=	20.42 %

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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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wecome Intelligent Manufacturing Co Ltd (SHSE:603070) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600

Website

http://www.wecome.com.cn

Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.

Executives

Hu Jie Mei	senior management
Zheng Jian Feng	senior management

Wecome Intelligent Manufacturing Co (SHSE:603070) Headlines

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