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Freshworks (Freshworks) Cost of Goods Sold : $104.0 Mil (TTM As of Mar. 2024)


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What is Freshworks Cost of Goods Sold?

Freshworks's cost of goods sold for the three months ended in Mar. 2024 was $25.9 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $104.0 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Freshworks's Gross Margin % for the three months ended in Mar. 2024 was 84.32%.

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


Freshworks Cost of Goods Sold Historical Data

The historical data trend for Freshworks'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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Freshworks Cost of Goods Sold Chart

Freshworks Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
36.46 52.49 78.03 95.77 103.37

Freshworks Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cost of Goods Sold Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.24 24.86 26.26 27.01 25.89

Freshworks 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $104.0 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.


Freshworks  (NAS:FRSH) Cost of Goods Sold Explanation

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

Freshworks's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(165.143 - 25.89) / 165.143
=84.32 %

* 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:

Freshworks's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:

* 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.


Freshworks Cost of Goods Sold Related Terms

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Freshworks (Freshworks) Business Description

Traded in Other Exchanges
Address
2950 S. Delaware Street, Suite 201, San Mateo, CA, USA, 94403
Freshworks Inc provides software as a service platform that enables small and medium-sized businesses to support customers through e-mail, phone, website, and social networks. It offers solutions that serve the needs of users in the CX and ITSM categories and has also expanded its offering with Sales and Marketing automation products. These product offerings enable organizations to acquire, engage, and better serve their customers and employees. The group derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and Other regions.
Executives
Jennifer H Taylor director C/O FRESHWORKS INC., 2950 S DELAWARE STREET, SUITE 201, SAN MATEO CA 94403
Johanna Flower director C/O FRESHWORKS INC., 2950 S DELAWARE STREET, SUITE 201, SAN MATEO CA 94403
Roxanne S Austin director 200 N SEPULVEDA BLVD, PO BOX 956 MS ES/001/A102, EL SEGUNDO CA 90245
Barry L. Padgett director CONCUR TECHNOLOGIES, INC., 18400 NE UNION HILL RD., REDMOND WA 98052
Srinivasagopalan Ramamurthy officer: Chief Product Officer C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281
Zachary Nelson director C/O NETWORK ASSOCIATES, INC, 3965 FREEDOM CIRCLE, SANTA CLARA CA 95054
Rathnagirish Mathrubootham director, officer: Chief Executive Officer C/O FRESHWORKS INC., 2950 S DELAWARE STREET, SUITE 201, SAN MATEO CA 94403
Tyler Sloat officer: Chief Financial Officer C/O FRESHWORKS INC, 2950 S DELAWARE STREET, SUITE 201, SAN MATEO CA 94403
Pradeep Rathinam officer: Chief Revenue Officer C/O FRESHWORKS INC., 2950 S. DELAWARE ST., SUITE 201, SAN MATEO CA 94403
Francis J. Pelzer director CONCUR TECHNOLOGIES, INC., 18400 NE UNION HILL RD., REDMOND WA 98052
Stacey Epstein officer: Chief Marketing Officer C/O FRESHWORKS INC., 2950 S DELAWARE STREET, SUITE 201, SAN MATEO CA 94403
Westbridge Crossover Fund, Llc 10 percent owner C/O CITCO (MAURITIUS) LIMITED, 4TH FLOOR, TOWER A, 1 CYBERCITY, EBENE O4 00000
Sandeep Singhal 10 percent owner 301, 3RD FLOOR, CAMPUS 6A, RMZ ECOWORLD, SARJAPUR-MARATHAHALLI, OUTER RING ROAD, BANGALORE K7 560103
Sumir Chadha 10 percent owner 520 S. EL CAMINO REAL, SUITE 900, SAN MATEO CA 94402
Westbridge Capital Management, Llc 10 percent owner APEX HOUSE, BANK STREET, TWENTYEIGHT CYBERCITY, EBENE O4 72201