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MagnaChip Semiconductor's cost of goods sold for the three months ended in Dec. 2023 was $39.3 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $178.4 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MagnaChip Semiconductor's Gross Margin % for the three months ended in Dec. 2023 was 22.68%.
Cost of Goods Sold is also directly linked to Inventory Turnover. MagnaChip Semiconductor's Inventory Turnover for the three months ended in Dec. 2023 was 1.24.
The historical data trend for MagnaChip Semiconductor'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.
MagnaChip Semiconductor Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 404.27 | 378.74 | 320.69 | 236.39 | 178.41 |
MagnaChip Semiconductor Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 44.89 | 44.91 | 47.44 | 46.76 | 39.30 |
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $178.4 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.
MagnaChip Semiconductor (NYSE:MX) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
MagnaChip Semiconductor's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (50.822 | - | 39.295) | / | 50.822 | |
= | 22.68 % |
* 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:
MagnaChip Semiconductor's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 39.295 | / | 31.7845 | |
= | 1.24 |
* 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 MagnaChip Semiconductor's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Camillo Martino | director | 60 SOUTH MARKET STREET, STE 750, SAN JOSE CA 95113 |
Young-joon Kim | director, officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR CORPORATION, 20400 STEVENS CREEK BOULEVARD, SUITE 370, CUPERTINO CA 95014 |
Woung Moo Lee | officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR, INC., 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Theodore S Kim | officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR, INC., 20400 STEVENS CREEK BLVD., SUITE 370, CUPERTINO CA 95014 |
Brigade Capital Management, Lp | 10 percent owner | 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
Brigade Leveraged Capital Structures Fund Ltd. | 10 percent owner | ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005 |
Ilbok Lee | director | C/O MAGNACHIP SEMICONDUCTOR, INC, 20400 STEVENS CREEK BOULEVARD, SUITE 370, CUPERTINO CA 95014 |
Kyo-hwa Liz Chung | director | C/O MAGNACHIP SEMICONDUCTOR CORPORATION, 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Chan Ho Park | officer: See Remarks | 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Young Soo Woo | officer: See Remarks | 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Shin Young Park | officer: See Remarks | 60 SOUTH MARKET STREET, SUITE 750, SAN JOSE CA 95113 |
Randal T Klein | director | C/O AVENUE CAPITAL MANAGEMENT II, L.P., 535 MADISON AVENUE, NEW YORK NY 10022 |
Melvin L Keating | director | 18 DRIFTWOOD DRIVE, LIVINGSTON NJ 07039 |
Tavakoli Nader | director | 551 FIFTH AVE 334TH FL, NEW YORK NY 10176 |
Jonathan W Kim | officer: See Remarks | C/O MAGNACHIP SEMICONDUCTOR, INC., 20400 STEVENS CREEK BLVD., SUITE 370, CUPERTINO CA 95014 |
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