GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FormFactor Inc (NAS:FORM) » Definitions » Cost of Goods Sold

FormFactor (FormFactor) Cost of Goods Sold : $404.5 Mil (TTM As of Dec. 2023)


View and export this data going back to 2003. Start your Free Trial

What is FormFactor Cost of Goods Sold?

FormFactor's cost of goods sold for the three months ended in Dec. 2023 was $100.2 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $404.5 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. FormFactor's Gross Margin % for the three months ended in Dec. 2023 was 40.4%.

Cost of Goods Sold is also directly linked to Inventory Turnover. FormFactor's Inventory Turnover for the three months ended in Dec. 2023 was 0.90.


FormFactor Cost of Goods Sold Historical Data

The historical data trend for FormFactor'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.

* Premium members only.

FormFactor Cost of Goods Sold Chart

FormFactor Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial Premium Member Only Premium Member Only 351.97 405.70 446.91 451.93 404.52

FormFactor 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 120.78 106.37 95.63 102.29 100.23

FormFactor 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $404.5 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.


FormFactor  (NAS:FORM) Cost of Goods Sold Explanation

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

FormFactor's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(168.163 - 100.229) / 168.163
=40.4 %

* 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:

FormFactor's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:

* 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.


FormFactor Cost of Goods Sold Related Terms

Thank you for viewing the detailed overview of FormFactor's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.


FormFactor (FormFactor) Business Description

Traded in Other Exchanges
Address
7005 Southfront Road, Livermore, CA, USA, 94551
FormFactor Inc designs, develops, manufactures, sells, and supports semiconductor probe card products. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
Executives
Rebeca Obregon-jimenez director 3748 E MARE COURT, PHOENIX AZ 85044
Shai Shahar officer: CFO, SVP Global Finance 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Mike Slessor director, officer: CEO 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Brian C White director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Raymond A Link director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Kelley Steven-waiss director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Jorge Titinger director 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Sheri Rhodes director 7001 EAST BELLEVIEW AVENUE, DENVER CO 80112
Edward Jr Rogas director C/O VITESSE SEMICONDUCTOR CORPORATION, 4721 CALLE CARGA, CAMARILLO CA 93012
Michael W Zellner director C/O CYAN, INC., 1383 N. MCDOWELL BLVD., SUITE 300, PETALUMA CA 94954
Richard Delateur director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Michael M Ludwig officer: SR VP, CFO C/O AMTECH SYSTEMS, INC., 131 S CLARK DRIVE, TEMPE AZ 85288
Lothar Maier director 1630 MCCARTHY BLVD, MILPITAS CA 95035
Stuart L Merkadeau officer: SVP and General Counsel 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551