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Pzena Investment Management's cost of goods sold for the three months ended in Jun. 2022 was $18.4 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2022 was $78.2 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Pzena Investment Management's Gross Margin % for the three months ended in Jun. 2022 was 62.16%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Pzena Investment Management'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.
Pzena Investment Management Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 58.90 | 61.42 | 88.11 | 68.49 | 77.07 |
Pzena Investment Management Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 18.92 | 19.98 | 21.19 | 18.43 | 18.63 |
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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $78.2 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.
Pzena Investment Management (NYSE:PZN) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Pzena Investment Management's Gross Margin % for the three months ended in Jun. 2022 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (48.697 | - | 18.426) | / | 48.697 | |
= | 62.16 % |
* 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:
Pzena Investment Management's Inventory Turnover for the three months ended in Jun. 2022 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 18.426 | / | 0 | |
= | N/A |
* 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 Pzena Investment Management's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Shavar Dakel Jeffries | director | 50 HALSEY STREET, APT. 708T, NEWARK NJ 07102 |
Chenyu Caroline Cai | director, officer: Executive Vice President | 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022 |
Joel Greenblatt | director | 535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022 |
Steven M Galbraith | director | C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036 |
Richard P. Meyerowich | director | C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036 |
Evan K. Fire | officer: Chief Operating Officer | PZENA INVESTMENT MANAGEMENT, INC., 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022 |
John Paul Goetz | director, officer: President and Co-CIO | C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036 |
Richard Stanton Pzena | director, officer: Chairman, CEO and Co-CIO | C/O PZENA INVESTMENT MANAGEMENT LLC, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036 |
William Louis Lipsey | director, officer: Pres., Marketing/Client Serv. | C/O PZENA INVESTMENT MANAGEMENT LLC, 320 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10022 |
Jessica R Doran | officer: Chief Financial Officer | 320 PARK AVENUE, 8TH FLOOR, C/O PZENA INVESTMENT MANAGEMENT, LLC, NEW YORK NY 10022 |
Punch Howard D. Jr | 10 percent owner | 7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435 |
Punch & Associates Investment Management, Inc. | 10 percent owner | 7701 FRANCE AVE. SOUTH, SUITE 300, EDINA MN 55435 |
Charles D Johnston | director | C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036 |
Gary J Bachman | officer: Chief Financial Officer | C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036 |
Michael D Peterson | officer: Executive Vice President | C/O PZENA INVESTMENT MANAGEMENT, 120 WEST 45TH STREET, 20TH FLOOR, NEW YORK NY 10036 |
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