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Viemed Healthcare's cost of goods sold for the three months ended in Mar. 2024 was $20.8 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $75.5 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Viemed Healthcare's Gross Margin % for the three months ended in Mar. 2024 was 58.91%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Viemed Healthcare's Inventory Turnover for the three months ended in Mar. 2024 was 4.63.
The historical data trend for Viemed Healthcare'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.
Viemed Healthcare Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 24.25 | 51.20 | 43.65 | 54.15 | 70.23 |
Viemed Healthcare 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 | 15.55 | 17.21 | 18.84 | 18.63 | 20.79 |
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 $75.5 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.
Viemed Healthcare (NAS:VMD) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Viemed Healthcare's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (50.593 | - | 20.791) | / | 50.593 | |
= | 58.91 % |
* 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:
Viemed Healthcare's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 20.791 | / | 4.4885 | |
= | 4.63 |
* 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 Viemed Healthcare's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeremy Trahan | officer: Chief Legal Officer | 625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508 |
Timothy Smokoff | director | 625 E KALISTE SALOOM RD, LAFAYETTE LA 70508 |
Nitin Kaushal | director | 625 E KALISTE SALOOM RD, LAFAYETTE LA 70508 |
Randy E. Dobbs | director | C/O VIEMED HEALTHCARE, INC, 625 E. KALISTE SALOOM RD, LAFAYETTE LA 70508 |
Bruce D Greenstein | director | 901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508 |
William Todd Zehnder | director, officer: Chief Operating Officer | 400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508 |
Casey Hoyt | director, officer: Chief Executive Officer | 625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508 |
Michael Moore | officer: President | 625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508 |
Trae Fitzgerald | officer: Chief Financial Officer | 625 E KALISTE SALOOM RD, LAFAYETTE LA 70508 |
William Frazier | director, officer: Chief Medical Officer | 625 E KALISTE SALOOM RD, LAFAYETTE LA 70508 |
Jerome Cambre | officer: Vice President of Sales | 625 E KALISTE SALOOM RD, LAFAYETTE LA 70508 |
Sabrina Heltz | director | 625 E. KALISTE SALOOM ROAD, LAFAYETTE LA 70508 |
Ewell Patrick Eagan | officer: General Counsel | 625 E. KALISTE SALOOM ROAD, LAFAYETTE LA 70508 |
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