GSP Automotive Group Wenzhou Co (SHSE:605088) COGS-to-Revenue : 0.74 (As of Mar. 2024)

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What is GSP Automotive Group Wenzhou Co COGS-to-Revenue?

GSP Automotive Group Wenzhou Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥554 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥753 Mil.

GSP Automotive Group Wenzhou Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.74.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. GSP Automotive Group Wenzhou Co's Gross Margin % for the three months ended in Mar. 2024 was 26.39%.

GSP Automotive Group Wenzhou Co COGS-to-Revenue Historical Data

The historical data trend for GSP Automotive Group Wenzhou 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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GSP Automotive Group Wenzhou Co COGS-to-Revenue Chart

GSP Automotive Group Wenzhou Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.75

0.78

0.80

0.77

0.73

GSP Automotive Group Wenzhou 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															0.77	0.72	0.69	0.75	0.74

GSP Automotive Group Wenzhou Co COGS-to-Revenue Calculation

GSP Automotive Group Wenzhou 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
	=	2322.648	/	3180.226
	=	0.73

GSP Automotive Group Wenzhou Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	554.236	/	752.968
	=	0.74

GSP Automotive Group Wenzhou Co (SHSE:605088) COGS-to-Revenue Explanation

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

GSP Automotive Group Wenzhou 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	-	554.236 / 752.968
	=	26.39 %

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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GSP Automotive Group Wenzhou Co (SHSE:605088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GSP Automotive Group Wenzhou Co Ltd (SHSE:605088) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 1, Gaoxiang Road,, Ouhai High-tech Industrial Park, Zhejiang Province, Wenzhou, CHN, 325006

Website

http://www.gsp.cn

GSP Automotive Group Wenzhou Co Ltd is engaged in the research, development, production and sales of automotive transmission system components. The company produces drive shafts, constant velocity joint kits, hub assemblies wheel bearings and rubber-to-metal components. Its product categories include Drive Shaft; CV Joint; Boot Kits; Hub Assembly; Wheel Bearing; Rubber Mounting; and Steering and Suspension.

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