2024-05-25 10:59:53
Customers: “Even when the price burden is decreased, I wish to scale back the worth”
Whereas meals firms have been elevating costs one after one other this 12 months on account of rising uncooked materials costs, a lot of them have discovered that their value of gross sales burden has truly decreased this 12 months.
Dong-A Ilbo regarded on the cost-of-sales ratio of 20 main meals firms carefully associated to shoppers within the first quarter of this 12 months (January to March, the earlier 12 months for unlisted firms) by means of digital disclosure by the Monetary Supervisory Service, and located that the cost-of-sales ratio of 16 of them was decrease than the identical interval a 12 months in the past. It obtained decrease. The decrease the cost-of-sales ratio, which refers back to the proportion of gross sales prices, corresponding to uncooked materials prices and labor prices, in gross sales, it may be interpreted that the price burden required for an organization to provide a product has decreased.
Though the price of gross sales ratio was decrease than a 12 months in the past, some firms truly raised product costs. In truth, among the many 20 meals firms, 16, excluding Lotte Chilsung Beverage, Genesis BBQ (BBQ), bhc, and G&Meals (Goobne Hen), noticed their working earnings enhance in comparison with the identical interval a 12 months in the past.
Amongst firms which have improved profitability by elevating product costs, many are criticized for not reducing product costs after the price burden is lowered.
| Value of gross sales ratio |
| It refers back to the proportion of value of gross sales in gross sales. Value of gross sales contains uncooked materials prices, labor prices, and manufacturing bills. It’s a consultant profitability index of an organization, and the decrease it’s, the higher the profitability of the corporate is judged to be. |
‘Honey Combo’ – Betrayal of ‘Banana Flavored Milk’… The fee fee went down, however the value went up
The fee ratio of 16 meals firms decreased
The costs of some merchandise, corresponding to Samyang Ramen, have been lowered.
Trade claims that “value ratio has decreased on account of self-rescue efforts”
In accordance with a survey carried out by Dong-A Ilbo on the twenty fourth on the price of gross sales ratio of 20 main meals firms within the first quarter of this 12 months (January to March), the businesses whose value of gross sales ratio elevated in comparison with a 12 months in the past had been SPC Samlip, Lotte Chilsung Beverage, BHC, and G& Meals (Goobne Hen). There was just one place. In accordance with a Dong-A Ilbo survey, amongst 16 firms whose cost-of-sales ratio fell, 12 raised product costs or introduced value will increase from final 12 months to this 12 months. Kyochon F&B, which operates Kyochon Hen, had a cost-to-sales ratio of 70.90% within the first quarter of this 12 months, down 8.6 share factors in comparison with the identical interval final 12 months. Throughout this era, Kyochon F&B’s working revenue elevated by 103% from 5.86158 billion gained to 11.94826 billion gained. Kyochon F&B raised the costs of main merchandise, together with honey combo, by 3,000 gained in April final 12 months.
Lotte Nicely Meals’s value of gross sales ratio fell by 4.21 share factors from 75.04% to 70.83%. Lotte Nicely Meals has introduced that it’ll enhance the costs of its chocolate dried ice cream merchandise beginning subsequent month. Binggrae, whose cost-of-sales ratio fell 2.39% factors from final 12 months, raised the worth of ‘Banana Flavored Milk’, certainly one of its predominant merchandise, from 1,400 gained to 1,500 gained in October 2021, after which raised it once more to 1,800 gained in November final 12 months.
Samyang Meals’ cost-of-sales ratio, which achieved the best efficiency ever, was 57.60%, down almost 14 share factors from 71.34% in the identical interval a 12 months in the past. Final 12 months, Samyang Meals lowered the costs of 12 merchandise, together with Samyang Ramen and Jjazzaroni, excluding its flagship product, Buldak Bokkeum Ramyun.
Kim Yeon-ju (57), a housewife I met at a big grocery store that day, mentioned, “When meals firms elevate product costs, they make the excuse that they’re elevating costs as a result of profitability is simply too low, however I not often keep in mind seeing them decrease costs after efficiency has improved.” In response thus far, a meals trade official mentioned, “The lowered value of gross sales ratio is the results of varied self-rescue efforts.” He added, “Materials prices might fall, however varied elements that have an effect on prices, corresponding to labor prices and logistics prices, don’t go down simply.”
The rise in costs of commercial merchandise, which don’t go down as soon as they rise, can also be affecting the general inflation fee. Eunhee Lee, a professor of client research at Inha College, mentioned, “Meals firms should additionally take accountability for the individuals’s meals.” On the twenty third, the Korea Client Group Council urged meals firms to rapidly scale back product costs, saying that there was not a lot justification for elevating costs.
Reporter Lee Min-ah [email protected]
Reporter Jeong Search engine optimisation-young [email protected]
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2024-05-25 10:59:53