Norseman Gold (LSE:NGL) Cost of Goods Sold : £11.02 Mil (TTM As of Jun. 2014)

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What is Norseman Gold Cost of Goods Sold?

Norseman Gold's cost of goods sold for the six months ended in Jun. 2014 was £11.02 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2014 was £11.02 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Norseman Gold's Gross Margin % for the six months ended in Jun. 2014 was 14.53%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Norseman Gold's Inventory Turnover for the six months ended in Jun. 2014 was 8.82.

Norseman Gold Cost of Goods Sold Historical Data

The historical data trend for Norseman Gold'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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Norseman Gold Cost of Goods Sold Chart

Norseman Gold Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Cost of Goods Sold

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35.12

41.66

43.31

28.23

11.02

Norseman Gold Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14
Cost of Goods Sold	Get a 7-Day Free Trial			35.12	41.66	43.31	28.23	11.02

Norseman Gold 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Cost of Goods Sold for the trailing twelve months (TTM) ended in Jun. 2014 was £11.02 Mil.

Norseman Gold (LSE:NGL) Cost of Goods Sold Explanation

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

Norseman Gold's Gross Margin % for the six months ended in Jun. 2014 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(12.895	-	11.022)	/	12.895
	=	14.53 %

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:

Norseman Gold's Inventory Turnover for the six months ended in Jun. 2014 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.022	/	1.2495
	=	8.82

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.

Norseman Gold Cost of Goods Sold Related Terms

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Norseman Gold (LSE:NGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norseman Gold PLC (LSE:NGL) » Definitions » Cost of Goods Sold

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Address

Website

http://www.norsemangoldplc.com

Norseman Gold PLC is engaged in the production, exploration, evaluation and development of mineral resources. It is involved in the operation of Central Norseman Gold Corporation Ltd (the Norseman Project). The Norseman Project is located adjacent to the Norseman township, approximately 725 kilometres east of Perth, Western Australia. Current operations source ore from the Bullen underground mine and the Harlequin underground mine using underground mining methods of airleg up dip room and pillar stoping and long-hole stoping.