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Techprecision's cost of goods sold for the three months ended in Dec. 2023 was $6.49 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $26.76 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Techprecision's Gross Margin % for the three months ended in Dec. 2023 was 15.18%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Techprecision's Inventory Turnover for the three months ended in Dec. 2023 was 2.02.
The historical data trend for Techprecision'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.
Techprecision Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 12.12 | 12.87 | 12.13 | 18.91 | 26.53 |
Techprecision Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 6.83 | 6.66 | 6.68 | 6.94 | 6.49 |
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $26.76 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.
Techprecision (NAS:TPCS) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Techprecision's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (7.65 | - | 6.489) | / | 7.65 | |
= | 15.18 % |
* 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:
Techprecision's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 6.489 | / | 3.2165 | |
= | 2.02 |
* 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 Techprecision's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Barbara M. Lilley | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, 1 BELLA DRIVE, WESTMINISTER MA 01473 |
Andrew A Levy | director | 46 BALDWIN FARM NORTH, GREENWHICH CT 06831 |
Walter Milton Schenker | director | 1130 ROUTE 46, SUITE 22, PARSIPPANY NJ 07054 |
Thomas Sammons | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, 992 OLD EAGLE SCHOOL ROAD, SUITE 909, WAYNE PA 19087 |
Alexander Shen | officer: Chief Executive Officer | C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034 |
Robert A Crisafulli | director | 1 BELLA DRIVE, WESTMINSTER PA 01473 |
Richard Mcgowan | director | C/O CLEVELAND BIOLABS, INC., 73 HIGH STREET, BUFFALO NY 14203 |
Philip A Dur | director | 1600 TECHNOLOGY WAY, P.O. BOX 231, LATROBE PA 15650 |
Robert G Isaman | director | C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880 |
Robert Francis | other: President & GM of Ranor, Inc. | C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034 |
Leonard M Anthony | director | MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010 |
James S Molinaro | director, officer: Chief Executive Officer | 6330 WEGEWOOD DR, ALLENTOWN PA 18106 |
Richard F Fitzgerald | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
Michael R Holly | director | 1729 SWEDESFORD ROAD, MALVERN PA 19355 |
Louis A Winoski | director | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
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