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ACV Auctions's cost of goods sold for the three months ended in Mar. 2024 was $68.5 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $253.2 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. ACV Auctions's Gross Margin % for the three months ended in Mar. 2024 was 52.98%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for ACV Auctions'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.
ACV Auctions Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Cost of Goods Sold | 82.78 | 113.05 | 204.75 | 236.65 | 244.45 |
ACV Auctions Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 59.72 | 63.70 | 60.39 | 60.64 | 68.51 |
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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $253.2 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.
ACV Auctions (NAS:ACVA) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
ACV Auctions's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (145.689 | - | 68.507) | / | 145.689 | |
= | 52.98 % |
* 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:
ACV Auctions's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 68.507 | / | 0 | |
= | N/A |
* 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.
Thank you for viewing the detailed overview of ACV Auctions's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
William Zerella | officer: Chief Financial Officer | C/O FITBIT, INC., 405 HOWARD STREET, SAN FRANCISCO CA 94105 |
Michael Waterman | officer: Chief Sales Officer | C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203 |
Craig Eric Anderson | officer: CCDSO and Chief Legal Officer | C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203 |
George Chamoun | director, officer: Chief Executive Officer | C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202 |
Bessemer Venture Partners Ix L.p. | 10 percent owner | C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
Vikas Mehta | officer: Chief Operating Officer | C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203 |
Kirsten Castillo | director | 5 GREAT VALLEY PARKWAY, SUITE 160, MALVERN PA 19355 |
Brian Hirsch | director | C/O ACV AUCTIONS INC., 640 ELLICOTT STREET, #321, BUFFALO NY 14203 |
Eileen A Kamerick | director | 200 NORTH ADAMS STREET, GREEN BAY WI 54301 |
Robert P Goodman | director | 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
Leanne Fitzgerald | officer: Chief Legal Officer | 1 WAYSIDE ROAD, BURLINGTON MA 01803 |
Bessemer Venture Partners Ix Institutional L.p. | 10 percent owner | 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
Deer Ix & Co. L.p. | 10 percent owner | C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
Deer Ix & Co. Ltd. | 10 percent owner | C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
15 Angels Iii Llc | 10 percent owner | 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
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