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FOXO Technologies's cost of goods sold for the three months ended in Sep. 2023 was $0.07 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2023 was $0.41 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. FOXO Technologies's Gross Margin % for the three months ended in Sep. 2023 was -600%.
Cost of Goods Sold is also directly linked to Inventory Turnover. FOXO Technologies's Inventory Turnover for the three months ended in Sep. 2023 was 0.06.
The historical data trend for FOXO Technologies'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.
FOXO Technologies Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Cost of Goods Sold | - | - | 0.34 |
FOXO Technologies Quarterly Data | ||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | - | 0.34 | - | - | 0.07 |
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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.41 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.
FOXO Technologies (AMEX:FOXO) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
FOXO Technologies's Gross Margin % for the three months ended in Sep. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (0.01 | - | 0.07) | / | 0.01 | |
= | -600 % |
* 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:
FOXO Technologies's Inventory Turnover for the three months ended in Sep. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0.07 | / | 1.2165 | |
= | 0.06 |
* 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 FOXO Technologies's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Martin Christopher Ward | officer: Interim CFO | CHALKSTREAM, KINGS SOMBORNE, STOCKBRIDGE X0 S020 6NZ |
Mark Brian White | director, officer: Interim CEO | IMMEUBLE MILA, CHAMPERY V8 1874 |
Dowling Vincent J. Jr | 10 percent owner | 54 LEDYARD, WEST HARTFORD CT 06117 |
Gwg Holdings, Inc. | 10 percent owner | 325 N. ST. PAUL STREET, SUITE 2650, DALLAS TX 75201 |
Taylor Fay | officer: Chief Operating Officer | 729 N. WASHINGTON AVE, SUITE 600, MINNEAPOLIS MN 55401 |
Jon Sabes | director, 10 percent owner, officer: CEO, Chairman | 701 NORTH THIRD STREET, MINNEAPOLIS MN 55401 |
Bret Barnes | director | 220 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402 |
Brian Chen | officer: Chief Science Officer | 220 SOUTH SIXTH STREET, SUITE 1200, MINNEAPOLIS MN 55402 |
Erin Sharoni | officer: Chief Product Officer | 220 SOUTH SIXTH STREET, SUITE 1200, MINNEAPOLIS MN 55402 |
Michael Will | officer: General Counsel | 220 SOUTH SIXTH STREET, SUITE 1200, MINNEAPOLIS MN 55402 |
Tyler Danielson | officer: Chief Technology Officer | 220 SOUTH SIXTH STREET, SUITE 1200, MINNEAPOLIS MN 55402 |
Murdoc Khaleghi | director | 220 SOUTH SIXTH STREET, SUITE 1200, MINNEAPOLIS MN 55402 |
Robert Potashnick | officer: Chief Financial Officer | 220 SOUTH SIXTH STREET, SUITE 1200, MINNEAPOLIS MN 55402 |
Plc Barclays | 10 percent owner | 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP |
Paul Britton Newhouse | director | ONE CITY CENTRE, 1021 MAIN STREET SUITE 1960, HOUSTON TX 77002 |
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