Jiangsu Fasten Co (SZSE:000890) COGS-to-Revenue : 0.88 (As of Mar. 2024)

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What is Jiangsu Fasten Co COGS-to-Revenue?

Jiangsu Fasten Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥97.8 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥111.7 Mil.

Jiangsu Fasten Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Jiangsu Fasten Co's Gross Margin % for the three months ended in Mar. 2024 was 12.43%.

Jiangsu Fasten Co COGS-to-Revenue Historical Data

The historical data trend for Jiangsu Fasten 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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Jiangsu Fasten Co COGS-to-Revenue Chart

Jiangsu Fasten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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1.34

1.16

0.82

0.85

Jiangsu Fasten 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															0.88	1.01	0.80	0.71	0.88

Jiangsu Fasten Co COGS-to-Revenue Calculation

Jiangsu Fasten 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
	=	380.139	/	445.93
	=	0.85

Jiangsu Fasten Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	97.783	/	111.669
	=	0.88

Jiangsu Fasten Co (SZSE:000890) COGS-to-Revenue Explanation

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

Jiangsu Fasten 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	-	97.783 / 111.669
	=	12.43 %

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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Jiangsu Fasten Co (SZSE:000890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Fasten Co Ltd (SZSE:000890) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

No. 165, Chengjiang Middle Road, Jiangsu Province, Jiangyin, CHN, 214434

Website

http://www.fasten.com.cn

Jiangsu Fasten Co Ltd is a China-based company mainly engaged in commercial factoring, fine optimization of metal products, bridge cable products and infrastructure materials manufacturing and sales. The company offers steel wires, stranded steel wires, stainless steel silk products, and steel-cables; fiber and cable products.

Executives

Huang Xiao Juan	Supervisors
Zhu Gang	Supervisors
Zhao Jun	Directors, executives
Cao Yu	Director
Liu Li Hua	Director
Tang Fu Ru	Supervisors
Liu Yin	Director
Liang Le Tian	Executives
Zhou Jian Song	Director
Wu Yu Jun	Executives

Jiangsu Fasten Co (SZSE:000890) Headlines

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