Nokia Oyj (Nokia Oyj) Cost of Goods Sold

: $14,629 Mil (TTM As of Dec. 2023)

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Nokia Oyj's cost of goods sold for the three months ended in Dec. 2023 was $3,622 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $14,629 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Nokia Oyj's Gross Margin % for the three months ended in Dec. 2023 was 41.81%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Nokia Oyj's Inventory Turnover for the three months ended in Dec. 2023 was 1.12.

Nokia Oyj Cost of Goods Sold Historical Data

The historical data trend for Nokia Oyj'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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Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

16,723.33

16,616.79

15,105.09

15,560.38

14,799.35

Nokia Oyj 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																4,514.83	3,921.84	3,824.49	3,261.47	3,621.59

Nokia Oyj 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 $14,629 Mil.

Nokia Oyj (NYSE:NOK) Cost of Goods Sold Explanation

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

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

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(6223.555	-	3621.592)	/	6223.555
	=	41.81 %

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:

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3621.592	/	3238.6885
	=	1.12

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.

Nokia Oyj Cost of Goods Sold Related Terms

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Nokia Oyj (Nokia Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (NYSE:NOK) » Definitions » Cost of Goods Sold

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Traded in Other Exchanges

NOKBF:USA NOKIA SEK:Sweden NOK N:Mexico NOKIA:Italy 0K8D:UK NOKIAh:UK 0HAF:UK NOKIA:France NOKIA:Finland NOA3:Germany NOAA:Germany NOA3:Germany NOA3:Germany NOAA:Germany NOA3:Germany NOKIA:Czech Republic NOKI34:Brazil NOKI:Austria NOK:Argentina

Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.