Shanghai Ruking Technologies Co (SZSE:301525) COGS-to-Revenue : 0.76 (As of Mar. 2024)

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What is Shanghai Ruking Technologies Co COGS-to-Revenue?

Shanghai Ruking Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥224 Mil. Its Revenue for the three months ended in Mar. 2024 was ¥294 Mil.

Shanghai Ruking Technologies Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shanghai Ruking Technologies Co's Gross Margin % for the three months ended in Mar. 2024 was 23.82%.

Shanghai Ruking Technologies Co COGS-to-Revenue Historical Data

The historical data trend for Shanghai Ruking Technologies 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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Shanghai Ruking Technologies Co COGS-to-Revenue Chart

Shanghai Ruking Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.77

0.78

0.76

0.75

Shanghai Ruking Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial								0.75	0.75	0.74	0.76	0.76

Shanghai Ruking Technologies Co COGS-to-Revenue Calculation

Shanghai Ruking Technologies 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
	=	1156.595	/	1544.551
	=	0.75

Shanghai Ruking Technologies Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	223.884	/	293.904
	=	0.76

Shanghai Ruking Technologies Co (SZSE:301525) COGS-to-Revenue Explanation

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

Shanghai Ruking Technologies 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	-	223.884 / 293.904
	=	23.82 %

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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Shanghai Ruking Technologies Co (SZSE:301525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Ruking Technologies Co Ltd (SZSE:301525) » Definitions » COGS-to-Revenue

Traded in Other Exchanges

N/A

Address

Lane 1688, Guoquan North Road, Room 1204A, No. 75, Yangpu, Shanghai, CHN, 200438

Website

http://www.ruking.com

Shanghai Ruking Technologies Co Ltd is engaged in research & development, production and sales of comprehensive products in the field of power electronics and motor control. The main products include heating, ventilation, air conditioning and refrigeration equipment (HVAC/R) Variable frequency drives and system controllers, variable frequency drives and controllers in the field of thermal management systems for new energy vehicles, servo drives and servo motors in the field of industrial servo drives and control systems.

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