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Desktop Metal (Desktop Metal) Cost of Goods Sold : $199.8 Mil (TTM As of Dec. 2023)


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What is Desktop Metal Cost of Goods Sold?

Desktop Metal's cost of goods sold for the three months ended in Dec. 2023 was $69.1 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $199.8 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Desktop Metal's Gross Margin % for the three months ended in Dec. 2023 was -31.98%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Desktop Metal's Inventory Turnover for the three months ended in Dec. 2023 was 0.73.


Desktop Metal Cost of Goods Sold Historical Data

The historical data trend for Desktop Metal'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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Desktop Metal Cost of Goods Sold Chart

Desktop Metal Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
50.80 31.52 94.12 193.95 199.79

Desktop Metal Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 52.25 42.68 47.20 40.83 69.09

Desktop Metal 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $199.8 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.


Desktop Metal  (NYSE:DM) Cost of Goods Sold Explanation

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

Desktop Metal's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(52.346 - 69.085) / 52.346
=-31.98 %

* 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:

Desktop Metal's Inventory Turnover for the three months ended in Dec. 2023 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.


Desktop Metal Cost of Goods Sold Related Terms

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Desktop Metal (Desktop Metal) Business Description

Traded in Other Exchanges
Address
63 3rd Avenue, Burlington, MA, USA, 01803
Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).
Executives
Farhad Fred Ebrahimi 10 percent owner 191 UNIVERSITY BLVD., #246, DENVER CO 80206
Scott J Dussault director C/O DESKTOP METAL, INC., 63 THIRD AVE, BURLINGTON MA 01803
Jason M Cole officer: CFO & TREASURER C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Ric Fulop director, officer: Chief Executive Officer C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Thomas Nogueira officer: CHIEF OPERATING OFFICER C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Hindery Leo J. Jr. director, other: See remarks. C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Michael M. Jafar officer: CEO, Desktop Health 17901 VON KARMAN AVENUE, SUITE 150, IRVINE CA 92614
James S Eisenstein director C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVE, BOSTON MA 02116
Jeffrey R Immelt director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Siblani Ali El director, officer: CEO of EnvisionTec US, LLC 63 THIRD AVENUE, BURLINGTON MA 01803
James Haley officer: CFO & Treasurer 63 THIRD AVENUE, BURLINGTON MA 01803
Arjun Aggarwal officer: Chief Product Officer C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Wen Hsuan Hsieh director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Forest Baskett 10 percent owner
Bilal Zuberi director C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803

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