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Virco Manufacturing's cost of goods sold for the three months ended in Jan. 2024 was $26.5 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jan. 2024 was $153.1 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Virco Manufacturing's Gross Margin % for the three months ended in Jan. 2024 was 37.72%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Virco Manufacturing's Inventory Turnover for the three months ended in Jan. 2024 was 0.45.
The historical data trend for Virco Manufacturing'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.
Virco Manufacturing Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 121.33 | 97.87 | 123.90 | 145.72 | 153.06 |
Virco Manufacturing Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 25.78 | 21.74 | 58.74 | 46.04 | 26.53 |
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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $153.1 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.
Virco Manufacturing (NAS:VIRC) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Virco Manufacturing's Gross Margin % for the three months ended in Jan. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (42.601 | - | 26.534) | / | 42.601 | |
= | 37.72 % |
* 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:
Virco Manufacturing's Inventory Turnover for the three months ended in Jan. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 26.534 | / | 58.651 | |
= | 0.45 |
* 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 Virco Manufacturing's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Patricia Levine Quinones | officer: Vice President | 6008 E. CALLE CEDRO, ANAHEIM CA 92807 |
Bradley C Richardson | director | |
Craig L Levra | director | C/O SPORT CHALET INC, ONE SPORT CHALET DRIVE, LA CANADA CA 91011 |
Agnieszka Winkler | director | C/O INTER-TEL, INCORPORATED, 1615 SOUTH 52ND STREET, TEMPE AZ 85281 |
Kathleen D Young | director | C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501 |
Douglas A Virtue | director, officer: Executive Vice President | |
Robert A Virtue | director, officer: President & CEO & Chairman | |
Donald R Rudkin | director | C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501 |
Alexander L Cappello | director | C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301 |
Bassey Yau | officer: Assistant Secretary / Treasure | 5502 MARICOPA ST., TORRANCE CA 90501 |
Robert M Hupe | officer: VP General Counsel | C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501 |
Jerry Scott Bell | officer: COO | C/O VIRCO MFG. CORPORATION, TORRANCE CA 90501 |
Robert James Devers | officer: Sr. VP, Information Technology | C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501 |
Johnson James David Ii | officer: Sr. Vice President Marketing | C/O VIRCO MFG. CORPORATION, 2027 HARPERS WAY, TORRANCE CA 90501 |
Michael Anthony Digregorio | director | C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245 |
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