Wah Fu Education Group Limited Cost of Revenue

Cost of Revenue of WAFU for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending September 29, 2020 was $1.87 Million (a -0.05% decrease compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue increased by 4.15%
  • Annual Cost of Revenue for 2020 was $3.39 Million (a 18.66% increase from previous year)
  • Annual Cost of Revenue for 2019 was $2.85 Million (a 28.03% increase from previous year)
  • Annual Cost of Revenue for 2018 was $2.23 Million (a 3.63% increase from previous year)
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Historical Cost of Revenue of Wah Fu Education Group Limited

Most recent Cost of Revenueof WAFU including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Wah Fu Education Group Limited

Wah Fu Education Group Limited Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $1.87 $1.87 $3.39
2019 $1.51 $1.8 $2.85
2018 $1.06 $2.23
2017 $2.15
2016 $2.55

Business Profile of Wah Fu Education Group Limited

Sector: Consumer Defensive
Industry: Education & Training Services
Wah Fu Education Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in the People's Republic of China. The company operates in two segments, Online Education Services; and Technological Development and Operation Services. The Online Education Services segment offers online education platforms to institutions, such as universities and training institutions, and online course development service companies. This segment provides self-study examination, continuing education, and non-diploma training platforms that allow students to enroll in courses for college credit; vocational education 1+X and higher vocational enrollment expansion teaching and educational administration platform; Huafu e-school system and paperless examination platform; and online training and examination preparation services directly to students. The Technological Development and Operation Services segment develops and maintains online education platforms and online courses for its clients, including universities and government agencies, as well as private clients, such as publishers; and provides consulting, maintenance, and updating services related to online education programs. Wah Fu Education Group Limited was founded in 1999 and is headquartered in Beijing, the People's Republic of China.