Meisheng Cultural and Creative (SZSE:002699) COGS-to-Revenue : 0.66 (As of Mar. 2024)

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What is Meisheng Cultural and Creative COGS-to-Revenue?

Meisheng Cultural and Creative's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥94.7 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥143.0 Mil.

Meisheng Cultural and Creative's COGS to Revenue for the three months ended in Mar. 2024 was 0.66.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Meisheng Cultural and Creative's Gross Margin % for the three months ended in Mar. 2024 was 33.76%.

Meisheng Cultural and Creative COGS-to-Revenue Historical Data

The historical data trend for Meisheng Cultural and Creative'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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Meisheng Cultural and Creative COGS-to-Revenue Chart

Meisheng Cultural and Creative Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.70

0.81

0.83

0.72

0.71

Meisheng Cultural and Creative 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															0.66	0.74	0.67	0.77	0.66

Meisheng Cultural and Creative COGS-to-Revenue Calculation

Meisheng Cultural and Creative's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	693.346	/	981.436
	=	0.71

Meisheng Cultural and Creative's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	94.712	/	142.985
	=	0.66

Meisheng Cultural and Creative (SZSE:002699) COGS-to-Revenue Explanation

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

Meisheng Cultural and Creative'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	-	94.712 / 142.985
	=	33.76 %

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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Meisheng Cultural and Creative (SZSE:002699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meisheng Cultural and Creative Corp Ltd (SZSE:002699) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Xinchang Provincial High-tech Park, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.chinarising.com.cn

Meisheng Cultural and Creative Corp Ltd is a China-based company principally engaged in culture industry related businesses. The company's products mainly include Intellectual Property (IP) derivatives, traditional derivatives, animation, games, films and television and other cultural industry products.

Executives

Zhang Yan	Executives
Pan Jing	Executives
Shu Min	Independent director
Zhu Lin Fang	Executives
Xiong Xu Feng	Executives
Yuan Xian Miao	Directors, executives
Chen Wen	Independent director

Meisheng Cultural and Creative (SZSE:002699) Headlines

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