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Tongling Nonferrous Metals Group Co (SZSE:000630) COGS-to-Revenue : 0.92 (As of Mar. 2024)


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What is Tongling Nonferrous Metals Group Co COGS-to-Revenue?

Tongling Nonferrous Metals Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥29,997 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥32,720 Mil.

Tongling Nonferrous Metals Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.92.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tongling Nonferrous Metals Group Co's Gross Margin % for the three months ended in Mar. 2024 was 8.32%.


Tongling Nonferrous Metals Group Co COGS-to-Revenue Historical Data

The historical data trend for Tongling Nonferrous Metals 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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Tongling Nonferrous Metals Group Co COGS-to-Revenue Chart

Tongling Nonferrous Metals Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.96 0.94 0.90 0.93

Tongling Nonferrous Metals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.98 0.87 0.94 0.92

Tongling Nonferrous Metals Group Co COGS-to-Revenue Calculation

Tongling Nonferrous Metals 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
=127479.265 / 137453.848
=0.93

Tongling Nonferrous Metals 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
=29996.7 / 32720.084
=0.92

* 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.


Tongling Nonferrous Metals Group Co  (SZSE:000630) COGS-to-Revenue Explanation

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

Tongling Nonferrous Metals 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 - 29996.7 / 32720.084
=8.32 %

* 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.

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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Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description

Traded in Other Exchanges
N/A
Address
Changjiang West Road, West Building, Nonferrous Courtyard, Anhui Province, Tongling, CHN, 244000
Tongling Nonferrous Metals Group Co Ltd is engaged in the business of copper exploration, mining, smelting and deep processing. Its product include cathode copper, gold, silver, and copper, Wire, copper strip and copper foil. The company operates in more than 30 countries. Its products are used in electric power, construction, automotive, home appliances, electronics, and defense.
Executives
Jiang Pei Jin Directors, executives
Wu He Ping Secretary, Director
Liu Dao Kun Executives
Zhou Jun Director
Zou Xian Ji Supervisors
Xu Wu Qi Director
Yang Li Sheng Executives
Fang Wen Sheng Executives
Dai Sheng Hong Supervisors
Liu Jian She Executives
Song Xiu Ming Executives
Wei Jiang Hong Director
Yang Jun Directors, executives
Zhan De Guang Executives
Wu Guo Zhong Director

Tongling Nonferrous Metals Group Co (SZSE:000630) Headlines

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