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iGen Networks's cost of goods sold for the three months ended in Sep. 2023 was $0.02 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2023 was $0.13 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. iGen Networks's Gross Margin % for the three months ended in Sep. 2023 was 64.58%.
Cost of Goods Sold is also directly linked to Inventory Turnover. iGen Networks's Inventory Turnover for the three months ended in Sep. 2023 was 0.51.
The historical data trend for iGen Networks'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.
iGen Networks Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 0.67 | 0.52 | 0.27 | 0.12 | 0.32 |
iGen Networks Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 0.16 | 0.06 | 0.03 | 0.03 | 0.02 |
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 $0.13 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.
iGen Networks (OTCPK:IGEN) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
iGen Networks's Gross Margin % for the three months ended in Sep. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (0.048 | - | 0.017) | / | 0.048 | |
= | 64.58 % |
* 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:
iGen Networks's Inventory Turnover for the three months ended in Sep. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0.017 | / | 0.0335 | |
= | 0.51 |
* 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 iGen Networks's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Neil Gene Chan | director, officer: CEO | 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7 |
Robert G Friedman | director, 10 percent owner | 510 EAST 80 STREET, NEW YORK NY 10075 |
Sierra Abel Israel Sr | officer: VP/GM | 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532 |
Robert Nealon | director | 119 NORTH HENRY STREET, ALEXANDRIA VA 22314 |
Richard Allan Freeman | director, officer: COO | 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5 |
Richard Gilbertson | director, officer: Chief Financial Officer | 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069 |
Chris Shade | director | 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9 |
Monty Ormsby | director, officer: President | 5605 INDIGO BAY WAY, LAS VEGAS NV 89131 |
Michael Grudman | director, officer: CFO | 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1 |
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