New Hope Liuhe Co (SZSE:000876) COGS-to-Revenue : 1.03 (As of Mar. 2024)

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What is New Hope Liuhe Co COGS-to-Revenue?

New Hope Liuhe Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥24,610 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥23,908 Mil.

New Hope Liuhe Co's COGS to Revenue for the three months ended in Mar. 2024 was 1.03.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. New Hope Liuhe Co's Gross Margin % for the three months ended in Mar. 2024 was -2.93%.

New Hope Liuhe Co COGS-to-Revenue Historical Data

The historical data trend for New Hope Liuhe 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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New Hope Liuhe Co COGS-to-Revenue Chart

New Hope Liuhe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.88

0.89

0.98

0.93

0.97

New Hope Liuhe 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															0.99	0.98	0.97	0.96	1.03

New Hope Liuhe Co COGS-to-Revenue Calculation

New Hope Liuhe 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
	=	137804.076	/	141703.249
	=	0.97

New Hope Liuhe Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24609.742	/	23908.453
	=	1.03

New Hope Liuhe Co (SZSE:000876) COGS-to-Revenue Explanation

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

New Hope Liuhe 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	-	24609.742 / 23908.453
	=	-2.93 %

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.

New Hope Liuhe Co COGS-to-Revenue Related Terms

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New Hope Liuhe Co (SZSE:000876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Hope Liuhe Co Ltd (SZSE:000876) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Mianyang National High-Tech Industrial Development Area, Sichuan Province, Chengdu, CHN, 621006

Website

http://www.newhopeagri.com

New Hope Liuhe Co Ltd engaged in agriculture and animal husbandry products. The company focuses on the development of feed, breeding, meat products, and financial investment. It derives maximum revenue from China and also has a presence in Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, and Egypt.

Executives

Cai Man Li	Independent director
Wang Hang	Director
Duan Pei Lin	Supervisors
Dang Yue Wen	Executives
Liu Yong Hao	Director
Huang Dai Yun	Director
Cui Zhao Jiang	Executives
Ceng Yong	Directors, executives
Yan Hu	Director

New Hope Liuhe Co (SZSE:000876) Headlines

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