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Blue Star Foods (Blue Star Foods) Cost of Goods Sold : $6.44 Mil (TTM As of Mar. 2024)


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What is Blue Star Foods Cost of Goods Sold?

Blue Star Foods's cost of goods sold for the three months ended in Mar. 2024 was $2.09 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $6.44 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Blue Star Foods's Gross Margin % for the three months ended in Mar. 2024 was 7.57%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Blue Star Foods's Inventory Turnover for the three months ended in Mar. 2024 was 0.85.


Blue Star Foods Cost of Goods Sold Historical Data

The historical data trend for Blue Star Foods'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.

* Premium members only.

Blue Star Foods Cost of Goods Sold Chart

Blue Star Foods Annual Data
Trend Oct17 Oct18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial 20.61 12.62 7.98 13.42 5.97

Blue Star Foods Quarterly Data
Jun19 Sep19 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 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 1.61 1.58 1.59 1.19 2.09

Blue Star Foods 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.44 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.


Blue Star Foods  (NAS:BSFC) Cost of Goods Sold Explanation

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

Blue Star Foods's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(2.26 - 2.089) / 2.26
=7.57 %

* 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:

Blue Star Foods's Inventory Turnover for the three months ended in Mar. 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.


Blue Star Foods Cost of Goods Sold Related Terms

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Blue Star Foods (Blue Star Foods) Business Description

Traded in Other Exchanges
N/A
Address
3000 NW,109th Avenue, Miami, FL, USA, 33172
Blue Star Foods Corp is an international seafood company based in Miami. It imports, packages, and sells refrigerated pasteurized crab meat, and other premium seafood products. The company derives revenue from importing blue and red swimming crab meat from Indonesia, Philippines and China and distributing it in the United States and Canada under several premium brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company's products are sold in the United States and Canada.
Executives
Nubar Herian director 1120 NW 165TH STREET, MIAMI FL 33169
Jeffrey J Guzy director 3130 19TH STREET, NORTH, ARLINGTON VA 22201
Trond K. Ringstad director 1511 THIRD AVENUE, SUITE 788, SEATTLE WA 98101
John R Keeler director, 10 percent owner, officer: Executive Chairman 3000 NW 109TH AVE, MIAMI FL 33172
Juan Carlos Dalto director 3059 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Miozotis Ponce officer: Chief Operating Officer 3000 NW 109 AVENUE, MIAMI FL 33172
Silvia Sosa Alana officer: Chief Financial Officer 3000 NW 109 AVENUE, MIAMI FL 33172
Timothy Andrew Mclellan director 11016 MILL CREEK WAY, #2407, FORT MYERS FL 33913
Christopher Constable director, officer: CFO, Treasurer and Secretary 3000 NW 109TH AVE, MIAMI FL 33172
Carlos Faria director, 10 percent owner, officer: President and CEO 3000 NW 109TH AVE, MIAMI FL 33172
Laura E Anthony director, 10 percent owner, officer: Former CFO Director+10% Holder LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401
Howard Gostfrand director, 10 percent owner, officer: Former CEO Director+10% Holder 625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401