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Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) COGS-to-Revenue : 0.58 (As of Mar. 2024)


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What is Qinhuangdao Tianqin Equipment Manufacturing Co COGS-to-Revenue?

Qinhuangdao Tianqin Equipment Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥22.2 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥38.5 Mil.

Qinhuangdao Tianqin Equipment Manufacturing Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Qinhuangdao Tianqin Equipment Manufacturing Co's Gross Margin % for the three months ended in Mar. 2024 was 42.47%.

Qinhuangdao Tianqin Equipment Manufacturing Co COGS-to-Revenue Historical Data

The historical data trend for Qinhuangdao Tianqin Equipment Manufacturing 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.

Qinhuangdao Tianqin Equipment Manufacturing Co COGS-to-Revenue Chart

Qinhuangdao Tianqin Equipment Manufacturing Co Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.59 0.59 0.70 0.62

Qinhuangdao Tianqin Equipment Manufacturing 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 0.63 0.61 0.62 0.62 0.58

Qinhuangdao Tianqin Equipment Manufacturing Co COGS-to-Revenue Calculation

Qinhuangdao Tianqin Equipment Manufacturing 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
=95.833 / 154.579
=0.62

Qinhuangdao Tianqin Equipment Manufacturing Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=22.164 / 38.525
=0.58

* 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.

Qinhuangdao Tianqin Equipment Manufacturing Co  (SZSE:300922) COGS-to-Revenue Explanation

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

Qinhuangdao Tianqin Equipment Manufacturing 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 - 22.164 / 38.525
=42.47 %

* 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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Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Qinhuangdao Tianqin Equipment Manufacturing Co Ltd (SZSE:300922) » Definitions » COGS-to-Revenue
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Traded in Other Exchanges
N/A
Address
No. 5 Xueshan Road, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066004
Website
http://www.tianqin.net
Qinhuangdao Tianqin Equipment Manufacturing Co Ltd is engaged in the research and development, production and sales of special protective devices and equipment parts centered on the new processing and application technology of polymer composite materials.
Executives
Liu Jin Shu Executives
Zhang Peng Director
Wang Zhao Jun Director
Bi Yi Jun Supervisors
Wang Su Rong Directors, Directors, and Executives
Tong Qiu Ju Executives
Ji Fu Yan Executives
Liu Xing Min Executives
Pan Jian Hui Director
Li Li Yong Supervisors

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