Shanghai Smart Control Co (SZSE:001266) COGS-to-Revenue : 0.67 (As of Mar. 2024)

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What is Shanghai Smart Control Co COGS-to-Revenue?

Shanghai Smart Control Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥60.3 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥90.2 Mil.

Shanghai Smart Control Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.67.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai Smart Control Co's Gross Margin % for the three months ended in Mar. 2024 was 33.13%.

Shanghai Smart Control Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai Smart Control 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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Shanghai Smart Control Co COGS-to-Revenue Chart

Shanghai Smart Control Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.53

0.52

0.54

0.62

0.72

Shanghai Smart Control 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											0.68	0.67	0.71	0.83	0.67

Shanghai Smart Control Co COGS-to-Revenue Calculation

Shanghai Smart Control 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
	=	289.304	/	400.303
	=	0.72

Shanghai Smart Control Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	60.33	/	90.217
	=	0.67

Shanghai Smart Control Co (SZSE:001266) COGS-to-Revenue Explanation

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

Shanghai Smart Control 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	-	60.33 / 90.217
	=	33.13 %

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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Shanghai Smart Control Co (SZSE:001266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Smart Control Co Ltd (SZSE:001266) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

No. 4268, Zhennan Road, Room J11387, Building 2, Jiading District, Shanghai, CHN, 201802

Website

https://www.smartsh.com

Shanghai Smart Control Co Ltd is engaged in the research and development, production and sales of intelligent electronic control products and intelligent electronic control assemblies.

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