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Tix's cost of goods sold for the three months ended in Sep. 2020 was $0.71 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2020 was $5.33 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tix's Gross Margin % for the three months ended in Sep. 2020 was %.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Tix'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.
Tix Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 9.40 | 11.61 | 10.36 | 8.32 | 8.07 |
Tix Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 2.00 | 2.01 | 1.74 | 0.87 | 0.71 |
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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.33 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.
Tix (OTCPK:TIXC) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Tix's Gross Margin % for the three months ended in Sep. 2020 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (0 | - | 0.711) | / | 0 | |
= | % |
* 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:
Tix's Inventory Turnover for the three months ended in Sep. 2020 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0.711 | / | 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 Tix's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Mitch Francis | director, 10 percent owner, officer: Chief Executive Officer | 12001 VENTURA PLACE SUITE 340 STUDIO CITY CA 91604 |
Kimberly Sue Simon | officer: Chief Operating Officer | C/O LOEB & LOEB LLP 10100 SANTA MONICA BLVD #2200 LOS ANGELES CA 90067-4164 |
Benjamin Frankel | director | C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604 |
Norman Feirstein | director | C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604 |
Sam Georges | director | 930 SOUTH ANDREAN DRIVE, SUITE H ESCONDIDO CA 92029 |
Andy Pells | director | 12001 VENTURA PLACE #340 STUDIO CITY CA 91604 |
Steve Handy | officer: Chief Financial Officer | 8228 SUNSET BLVD., LOS ANGELES CA 90046 |
Joseph B Marsh | 10 percent owner, other: consultant | 605 SURFSIDE DRIVE AKRON OH 44317 |
Iqbal Ashraf | 10 percent owner | 201 S. LAKE AVENUE SUITE 603 PASADENA CA 91101 |
Richard Kam | officer: Vice President - Finance | 12001 VENTURA PLACE #340 STUDIO CITY CA 91604 |
Matt Natalizio | officer: CFO | 11726 SAN VICENTE BLVD., SUITE 650, LOS ANGELES CA 90049 |
Gray Gerry | 10 percent owner | 4118 SUNDANCE DRIVE SUN PEAKS A1 V0E1Z1 |
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