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Haining China Leather Market Co (SZSE:002344) COGS-to-Revenue : 0.63 (As of Mar. 2024)


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What is Haining China Leather Market Co COGS-to-Revenue?

Haining China Leather Market Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥169 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥267 Mil.

Haining China Leather Market Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.63.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Haining China Leather Market Co's Gross Margin % for the three months ended in Mar. 2024 was 36.69%.

Haining China Leather Market Co COGS-to-Revenue Historical Data

The historical data trend for Haining China Leather Market 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.

* Premium members only.

Haining China Leather Market Co COGS-to-Revenue Chart

Haining China Leather Market 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 0.47 0.60 0.56 0.60 0.61

Haining China Leather Market 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 0.48 0.69 0.66 0.62 0.63

Haining China Leather Market Co COGS-to-Revenue Calculation

Haining China Leather Market 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
=785.363 / 1291.1
=0.61

Haining China Leather Market Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=168.933 / 266.848
=0.63

* 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.

Haining China Leather Market Co  (SZSE:002344) COGS-to-Revenue Explanation

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

Haining China Leather Market 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 - 168.933 / 266.848
=36.69 %

* 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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Haining China Leather Market Co (SZSE:002344) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haining China Leather Market Co Ltd (SZSE:002344) » Definitions » COGS-to-Revenue
Comparable Companies
SHSE:603353 SHSE:603230 SZSE:300622 SZSE:002403 SZSE:301335 SHSE:603214 SHSE:600128 SZSE:002780 SZSE:300736 SZSE:301376 ORLY TSX:ATD AZO SHSE:601888 TSCO ULTA GPC BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
Fifth floor, 2 12, Haining Leather City Building, Zhejiang, CHN, 314400
Website
http://www.chinaleather.com
Haining China Leather Market Co Ltd operates in the leather industry. The company is engaged in the distribution of leather clothing, fur clothing, leather luggage, fur, leather and footwear, and leather bags and suitcases.
Executives
Zhang Wei Qiang Directors, executives
Huang Yong Qun Supervisors
Yin Xiao Hong Directors, executives
Zhang Guo Xing Executives
Li Hong Liang Supervisors
Ren You Fa Directors, executives
Gu Ju Ying Executives
Shen Guo Fu Director
Li Zong Rong Directors, executives
Cha Jia Lin Executives
Qian Juan Ping Directors, executives
Zha Jia Lin Executives
Ling Jin Song Supervisors

Haining China Leather Market Co (SZSE:002344) Headlines

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