Affinity Education Group (FRA:A0J) Cost of Goods Sold : €8.9 Mil (TTM As of Jun. 2015)

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What is Affinity Education Group Cost of Goods Sold?

Affinity Education Group's cost of goods sold for the six months ended in Jun. 2015 was €6.2 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2015 was €8.9 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Affinity Education Group's Gross Margin % for the six months ended in Jun. 2015 was 89.66%.

Cost of Goods Sold is also directly linked to Inventory Turnover.

Affinity Education Group Cost of Goods Sold Historical Data

The historical data trend for Affinity Education Group'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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Affinity Education Group Cost of Goods Sold Chart

Affinity Education Group Annual Data

Trend

Dec14

Cost of Goods Sold

4.57

Affinity Education Group Semi-Annual Data
	Jun14	Dec14	Jun15
Cost of Goods Sold	1.94	2.69	6.19

Affinity Education Group 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 Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was €8.9 Mil.

Affinity Education Group (FRA:A0J) Cost of Goods Sold Explanation

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

Affinity Education Group's Gross Margin % for the six months ended in Jun. 2015 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(59.839	-	6.187)	/	59.839
	=	89.66 %

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:

Affinity Education Group's Inventory Turnover for the six months ended in Jun. 2015 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.187	/	0
	=	N/A

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.

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Affinity Education Group (FRA:A0J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Affinity Education Group Ltd (FRA:A0J) » Definitions » Cost of Goods Sold

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Traded in Other Exchanges

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Address

Website

http://investors.affinityeducation.com.au

Affinity Education Group Ltd was incorporated on 21st May, 2013. The Company provides education and care to children aged six weeks to 12 years. Provision of these services includes long day care, before and after school care and occasional care. Its segments include Long day care centers, Outside school-hours care, Family day care, and Occasional care. Long day care centers are set up to primarily offer care to below school age children with working parents. The care can be both full-and-part time. Outside school-hours care provides before and after school short-term care to children of primary school age. Vacation care is also considered part of this segment, providing child care services to parents during school holidays. Family day care is the only area of child care approved under the National Quality Framework that takes place outside of a center, with care provided in the home of an approved educator. This type of care can be all day, part time, occasional or outside school hours. Occasional care offers child care services for children on a casual basis. Centers offering occasional services are primarily set up to provide flexibility to parents with irregular working hours or short-term needs. As with family day care, occasional care is a capped program.

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