Sinosteel New Materials Co (SZSE:002057) COGS-to-Revenue : 0.78 (As of Mar. 2024)

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What is Sinosteel New Materials Co COGS-to-Revenue?

Sinosteel New Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥477 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥608 Mil.

Sinosteel New Materials Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.78.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sinosteel New Materials Co's Gross Margin % for the three months ended in Mar. 2024 was 21.62%.

Sinosteel New Materials Co COGS-to-Revenue Historical Data

The historical data trend for Sinosteel New Materials 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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Sinosteel New Materials Co COGS-to-Revenue Chart

Sinosteel New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.73

0.74

0.77

0.76

0.74

Sinosteel New Materials 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															0.79	0.70	0.74	0.75	0.78

Sinosteel New Materials Co COGS-to-Revenue Calculation

Sinosteel New Materials 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
	=	2053.562	/	2770.604
	=	0.74

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	476.616	/	608.066
	=	0.78

Sinosteel New Materials Co (SZSE:002057) COGS-to-Revenue Explanation

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

Sinosteel New Materials 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	-	476.616 / 608.066
	=	21.62 %

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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Sinosteel New Materials Co (SZSE:002057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sinosteel New Materials Co Ltd (SZSE:002057) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 South section, Huoli Shan Avenue, Anhui, Ma'anshan, CHN, 243000

Website

https://www.sinosteelnmc.com

Sinosteel New Materials Co Ltd is a China-based electronic component manufacturing company. Its business activities include a magnetic material, manganous-manganic oxide, ferrite magnet, neodymium magnet, high-efficiency energy-saving motor and mining equipment specializing in the separator, filter, HPGR (High-Pressure Grinding Rolls) and tower mill.

Executives

Hong Tao	Executives
Jiang Bao Cai	Director
Sun Jian Hua	Executives
Cai Xia	Executives

Sinosteel New Materials Co (SZSE:002057) Headlines

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