Hsin Kuang Steel Co (TPE:2031) COGS-to-Revenue : 0.90 (As of Mar. 2024)

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What is Hsin Kuang Steel Co COGS-to-Revenue?

Hsin Kuang Steel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,107 Mil. Its Revenue for the three months ended in Mar. 2024 was NT$3,466 Mil.

Hsin Kuang Steel 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. Hsin Kuang Steel Co's Gross Margin % for the three months ended in Mar. 2024 was 10.37%.

Hsin Kuang Steel Co COGS-to-Revenue Historical Data

The historical data trend for Hsin Kuang Steel 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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Hsin Kuang Steel Co COGS-to-Revenue Chart

Hsin Kuang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.98

0.92

0.78

0.93

0.91

Hsin Kuang Steel 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															0.85	0.94	0.93	0.91	0.90

Hsin Kuang Steel Co COGS-to-Revenue Calculation

Hsin Kuang Steel 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
	=	14629.138	/	16074.889
	=	0.91

Hsin Kuang Steel Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3106.881	/	3466.167
	=	0.90

Hsin Kuang Steel Co (TPE:2031) COGS-to-Revenue Explanation

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

Hsin Kuang Steel 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	-	3106.881 / 3466.167
	=	10.37 %

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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Hsin Kuang Steel Co (TPE:2031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hsin Kuang Steel Co Ltd (TPE:2031) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

25th Floor, 97 Chongming Road, Section 4, Sanchong District, New Taipei City, TWN

Website

https://www.hkssteel.com.tw

Hsin Kuang Steel Co Ltd manufactures and sells steel products. The business activities of the group include cutting, stamping, and sale of steel products, including steel coils, steel plates, stainless steel, alloy steel and special steel. Geographically, the business activities are carried out across Taiwan.

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