Safety Shot (Safety Shot) Cost of Goods Sold : $4.47 Mil (TTM As of Mar. 2024)

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What is Safety Shot Cost of Goods Sold?

Safety Shot's cost of goods sold for the three months ended in Mar. 2024 was $2.38 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $4.47 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Safety Shot's Gross Margin % for the three months ended in Mar. 2024 was -1294.15%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Safety Shot's Inventory Turnover for the three months ended in Mar. 2024 was 3.97.

Safety Shot Cost of Goods Sold Historical Data

The historical data trend for Safety Shot'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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Safety Shot Cost of Goods Sold Chart

Safety Shot Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

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0.02

0.63

2.34

0.33

0.28

Safety Shot 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															0.02	1.86	0.05	0.18	2.38

Safety Shot 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 $4.47 Mil.

Safety Shot (NAS:SHOT) Cost of Goods Sold Explanation

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

Safety Shot's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(0.171	-	2.384)	/	0.171
	=	-1294.15 %

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:

Safety Shot's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.384	/	0.6
	=	3.97

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.

Safety Shot Cost of Goods Sold Related Terms

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Safety Shot (Safety Shot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Safety Shot Inc (NAS:SHOT) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

1061 East Indiantown Road, Suite 110, Jupiter, FL, USA, 33477

Website

https://www.jupiterwellnessinc.com

Safety Shot Inc is a wellness and functional beverage company. It is set to launch Safety Shot, the patented beverage that helps people feel better faster by reducing blood alcohol content and boosting clarity.

Executives

John Gulyas	director	2505 PROVENCE CIRCLE, WESTON FL 33327
Jarrett Adam Boon	officer: COO	2434 E DESERT WILLOW DR, PHOENIX AZ 85048
Skender Fani	director
Kaufman Nancy Torres	director	725 N. HWY A1A, SUITE C-106, JUPITER FL 33477
Brian John	director, 10 percent owner, officer: Chief Executive Officer	1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Douglas O Mckinnon	officer: Chief Financial Officer	2104 RIDGE PLAZA DR, CASTLE ROCK CO 80108
Glynn Wilson	director, officer: Chairman - Board of Directors	2483 NE JULEP STREET, ISSAQUAH WA 98029
Ryan T Allison	officer: VP of Business Development	725 N. HWY A1A, SUITE C-106, JUPITER FL 33477
Richard A Miller	director, 10 percent owner, officer: Chief Operating Officer	1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Christopher Melton	director	C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Byron Young	director	112 EAST SEMINARY DRVE, UNIT B, FORT WORTH TX 76115
Hector W Alila	director	C/O PROTALEX INC, 145 UNION SQUARE DRIVE, NEW HOPE PA 18938
Timothy Glynn	director	725 N HWY, SUITE C-106, JUPITER FL 33477