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Sinopec Shanghai Petrochemical Co (FRA:SGJH) Cost of Goods Sold : €9,622 Mil (TTM As of Sep. 2024)


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What is Sinopec Shanghai Petrochemical Co Cost of Goods Sold?

Sinopec Shanghai Petrochemical Co's cost of goods sold for the three months ended in Sep. 2024 was €2,366 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2024 was €9,622 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sinopec Shanghai Petrochemical Co's Gross Margin % for the three months ended in Sep. 2024 was 17.27%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Sinopec Shanghai Petrochemical Co's Inventory Turnover for the three months ended in Sep. 2024 was 2.77.


Sinopec Shanghai Petrochemical Co Cost of Goods Sold Historical Data

The historical data trend for Sinopec Shanghai Petrochemical Co's Cost of Goods Sold 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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Sinopec Shanghai Petrochemical Co Cost of Goods Sold Chart

Sinopec Shanghai Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,750.81 7,427.59 9,959.17 9,954.68 10,166.07

Sinopec Shanghai Petrochemical Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cost of Goods Sold 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 2,619.23 2,594.48 2,266.24 2,394.68 2,366.18

Sinopec Shanghai Petrochemical Co Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €9,622 Mil.

* 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.


Sinopec Shanghai Petrochemical Co  (FRA:SGJH) Cost of Goods Sold Explanation

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

Sinopec Shanghai Petrochemical Co's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(2860.188 - 2366.18) / 2860.188
=17.27 %

* 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.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Sinopec Shanghai Petrochemical Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as:

* 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.

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.


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Sinopec Shanghai Petrochemical Co Business Description

Traded in Other Exchanges
Address
No. 48 Jinyi Road, Jinshan District, Shanghai, CHN, 200540
Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes three reportable segments: petroleum products, chemical products, and trading of petrochemical products. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil, and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.

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