Wellbeing Digital Sciences (Wellbeing Digital Sciences) Cost of Goods Sold : $3.89 Mil (TTM As of Apr. 2022)

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What is Wellbeing Digital Sciences Cost of Goods Sold?

Wellbeing Digital Sciences's cost of goods sold for the three months ended in Apr. 2022 was $1.15 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Apr. 2022 was $3.89 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Wellbeing Digital Sciences's Gross Margin % for the three months ended in Apr. 2022 was 11.3%.

Cost of Goods Sold is also directly linked to Inventory Turnover.

Wellbeing Digital Sciences Cost of Goods Sold Historical Data

The historical data trend for Wellbeing Digital Sciences'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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Wellbeing Digital Sciences Cost of Goods Sold Chart

Wellbeing Digital Sciences Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Cost of Goods Sold

0.27

Wellbeing Digital Sciences Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22
Cost of Goods Sold	Get a 7-Day Free Trial														-	0.27	1.12	1.35	1.15

Wellbeing Digital Sciences 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 Apr. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.89 Mil.

Wellbeing Digital Sciences (OTCPK:KONEF) Cost of Goods Sold Explanation

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

Wellbeing Digital Sciences's Gross Margin % for the three months ended in Apr. 2022 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(1.292	-	1.146)	/	1.292
	=	11.3 %

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:

Wellbeing Digital Sciences's Inventory Turnover for the three months ended in Apr. 2022 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.146	/	0
	=	N/A

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.

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Wellbeing Digital Sciences (Wellbeing Digital Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Wellbeing Digital Sciences Inc (OTCPK:KONEF) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

275 Dundas Street, Unit A1605, London, ON, CAN, N6B 3L1

Website

https://www.wellbeingdigital.co

Wellbeing Digital Sciences Inc is a next-generation wellness company focused on ketamine-assisted therapy and psychedelic medicines. It operates healthcare clinics across North America, helping clients access plant medicines, psychedelics, and mental health care that have the potential to heal them of their physical or emotional pain.