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Tianqi Lithium Industries (SZSE:002466) COGS-to-Revenue : 0.52 (As of Mar. 2024)


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What is Tianqi Lithium Industries COGS-to-Revenue?

Tianqi Lithium Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,334 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥2,585 Mil.

Tianqi Lithium Industries's COGS to Revenue for the three months ended in Mar. 2024 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tianqi Lithium Industries's Gross Margin % for the three months ended in Mar. 2024 was 48.39%.

Tianqi Lithium Industries COGS-to-Revenue Historical Data

The historical data trend for Tianqi Lithium Industries'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.

Tianqi Lithium Industries COGS-to-Revenue Chart

Tianqi Lithium Industries 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 0.43 0.59 0.38 0.15 0.15

Tianqi Lithium Industries 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 0.10 0.15 0.15 0.23 0.52

Tianqi Lithium Industries COGS-to-Revenue Calculation

Tianqi Lithium Industries's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=6081.511 / 40503.462
=0.15

Tianqi Lithium Industries's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1333.899 / 2584.635
=0.52

* 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.

Tianqi Lithium Industries  (SZSE:002466) COGS-to-Revenue Explanation

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

Tianqi Lithium Industries'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 - 1333.899 / 2584.635
=48.39 %

* 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.

Tianqi Lithium Industries COGS-to-Revenue Related Terms

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Tianqi Lithium Industries (SZSE:002466) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianqi Lithium Industries Inc (SZSE:002466) » Definitions » COGS-to-Revenue
Comparable Companies
SZSE:002648 SZSE:002709 SHSE:603659 SZSE:002601 SHSE:688363 SZSE:300919 SZSE:002064 SHSE:600985 SHSE:603688 SZSE:300037 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
No.10 East Gaopeng Road, Hi-Tech Development Zone, Sichuan Province, Chengdu, CHN, 629200
Website
http://www.tianqilithium.com
Tianqi Lithium is a leading new energy materials company headquartered in China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that has achieved 100% self-sufficiency and has fully vertically integrated lithium mines. It operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
Executives
Yan Dong Executives
Guo Wei Executives
Zou Jun Directors, executives
Li Bo Directors, Directors, and Executives
Fu Xu Mei Securities Affairs Representative
Ge Wei Executives
Wu Wei Directors, executives
Jiang Wei Ping Director
She Shi Fu Supervisors

Tianqi Lithium Industries (SZSE:002466) Headlines

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