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Lizhong Sitong Light Alloys Group Co (SZSE:300428) COGS-to-Revenue : 0.90 (As of Mar. 2024)


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What is Lizhong Sitong Light Alloys Group Co COGS-to-Revenue?

Lizhong Sitong Light Alloys Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,390 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥5,967 Mil.

Lizhong Sitong Light Alloys Group Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.90.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lizhong Sitong Light Alloys Group Co's Gross Margin % for the three months ended in Mar. 2024 was 9.66%.


Lizhong Sitong Light Alloys Group Co COGS-to-Revenue Historical Data

The historical data trend for Lizhong Sitong Light Alloys Group 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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Lizhong Sitong Light Alloys Group Co COGS-to-Revenue Chart

Lizhong Sitong Light Alloys Group 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 0.87 0.89 0.91 0.90 0.90

Lizhong Sitong Light Alloys Group 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 0.90 0.90 0.89 0.89 0.90

Lizhong Sitong Light Alloys Group Co COGS-to-Revenue Calculation

Lizhong Sitong Light Alloys Group 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
=20915.25 / 23364.865
=0.90

Lizhong Sitong Light Alloys Group Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=5390.287 / 5966.821
=0.90

* 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.


Lizhong Sitong Light Alloys Group Co  (SZSE:300428) COGS-to-Revenue Explanation

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

Lizhong Sitong Light Alloys Group 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 - 5390.287 / 5966.821
=9.66 %

* 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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Lizhong Sitong Light Alloys Group Co (SZSE:300428) Business Description

Traded in Other Exchanges
N/A
Address
No. 359, West Development Road, Qingyuan District, Baoding, CHN, 071100
Lizhong Sitong Light Alloys Group Co Ltd formerly Hebei Sitong New Metal Material Co Ltd is specialized in Research and Development, manufacturing and sales of functional intermediate alloys such as metal grain refinement, metallographic deterioration, element addition and metal purification. Its products include Aluminum base alloy, Magnesium based master alloy, Zinc-based intermediate alloy and Copper base alloy. Its main objective is to research and manufacture aluminum-based steel and aluminum-based copper materials, to promote the light weight of automobiles, rail transit, aerospace materials and the performance of electrical and electronic products.
Executives
Zang Yong Jian Director
Zang Li Guo Director
Zang Yong Yi Director
Zang Yong Xing Director
Wang Qing Executives

Lizhong Sitong Light Alloys Group Co (SZSE:300428) Headlines

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