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Tessco Technologies's cost of goods sold for the three months ended in Mar. 2023 was $83.4 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2023 was $360.7 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tessco Technologies's Gross Margin % for the three months ended in Mar. 2023 was 20%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Tessco Technologies's Inventory Turnover for the three months ended in Mar. 2023 was 1.16.
The historical data trend for Tessco Technologies'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.
Tessco Technologies Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 334.64 | 329.37 | 305.63 | 339.51 | 360.98 |
Tessco Technologies Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 82.66 | 89.80 | 96.33 | 91.19 | 83.37 |
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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $360.7 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.
Tessco Technologies (NAS:TESS) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Tessco Technologies's Gross Margin % for the three months ended in Mar. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (104.201 | - | 83.366) | / | 104.201 | |
= | 20 % |
* 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:
Tessco Technologies's Inventory Turnover for the three months ended in Mar. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 83.366 | / | 72.105 | |
= | 1.16 |
* 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.
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 Tessco Technologies's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Barnhill Robert B Jr | 10 percent owner | 11126 MCCORMICK ROAD, HUNT VALLEY MD 21031 |
Thad Lowe | officer: Senior Vice President | 11126 MCCORMICK ROAD, HUNT VALLEY MD 21031 |
Tammy Ridgley | officer: Senior Vice President | 11126 MCCORMICK ROAD, HUNT VALLEY MD 21031 |
Michael Brodsky | other: See Explanation of Responses | C/O NEW WORLD OPPORTUNITY PARTNERS I LLC, 1603 ORRINGTON AVE, STE 1600, EVANSTON IL 60201 |
Matthew W Brewer | other: See Explanation of Responses | C/O BARTLIT BECK LLP, 54 WEST HUBBARD #3B, CHICAGO IL 60654 |
Kenneth J Spangler | other: See Explanation of Responses | 90 FEDEX PARKWAY, 2ND FLOOR VERTICAL, COLLIERVILLE TN 38017 |
Joseph H Quaglia | other: See Explanation of Responses | 5350 TECH DATA DRIVE, CLEARWATER FL 33760 |
J Timothy Bryan | director | 11700 PLAZA AMERICA DRIVE, SUITE 1010, RESTON VA 20190 |
Lakeview Investment Group & Trading Co Llc | 10 percent owner | 444 WEST LAKE STREET, SUITE 1900, CHICAGO IL 60606 |
Steven T Campbell | director | 8410 W. BRYN MAWR, CHICAGO IL 60631 |
Vernon Irvin | director | C/O EVERBRIDGE, INC., 25 CORPORATE DRIVE, BURLINGTON MA 02108 |
Paul J Gaffney | director | N56 W17000 RIDGEWOOD DRIVE, MENOMONEE FALLS WI 53051 |
Kathleen Mclean | director | C/O FAIRPOINT COMMUNICATIONS, INC., 521 E. MOREHEAD STREET, SUITE 500, CHARLOTTE NC 28202 |
Joseph Cawley | officer: Senior Vice President | 11126 MCCORMICK ROAD, HUNT VALLEY MD 21031 |
Abl Manager Llc | 10 percent owner | 444 W. LAKE #1900, CHICAGO IL 60606 |
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