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SMTC's cost of goods sold for the three months ended in Dec. 2020 was $89.5 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2020 was $343.2 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. SMTC's Gross Margin % for the three months ended in Dec. 2020 was 11.69%.
Cost of Goods Sold is also directly linked to Inventory Turnover. SMTC's Inventory Turnover for the three months ended in Dec. 2020 was 1.77.
The historical data trend for SMTC'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.
SMTC Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 152.84 | 128.38 | 194.47 | 335.49 | 343.18 |
SMTC Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 79.75 | 85.50 | 79.72 | 88.45 | 89.51 |
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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $343.2 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.
SMTC (NAS:SMTX) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
SMTC's Gross Margin % for the three months ended in Dec. 2020 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (101.359 | - | 89.513) | / | 101.359 | |
= | 11.69 % |
* 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:
SMTC's Inventory Turnover for the three months ended in Dec. 2020 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 89.513 | / | 50.668 | |
= | 1.77 |
* 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 SMTC's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven M Waszak | officer: CFO | C/O SMTC CORPORATION 7050 WOODBINE AVENUE MARKHAM A6 L3R4G8 |
David Sandberg | director, 10 percent owner | 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432 |
Clarke H Bailey | director | |
Red Oak Partners, Llc | 10 percent owner | 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432 |
John Randall Waterfield | director | 140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005 |
Frederick Gerald Wasserman | director | 4 NOBADEER DRIVE, PENNINGTON NJ 08534 |
Richard E Fitzgerald | officer: COO | SMTEK INTERNATIONAL INC 200 SCIENCE DRIVE MOORPARK CA 93021-2800 |
Edward J Smith | director, officer: President & CEO | 635 HOOD ROAD, MARKHAM A6 L3R 4N6 |
Roger Dunfield | officer: Chief Financial Officer | 116 TAYLOR STREET SANTA CRUZ CA 95060 |
Sushil Dhiman | director, officer: President and CEO | 2448 CORUM COURT UNION CITY CA 94587 |
Lawrence Harris Silber | director | 7 FOX HOLLOW COURT, FLEMINGTON NJ 08822 |
Jim Currie | officer: Chief Financial Officer | 635 HOOD ROAD MARKHAM Z4 L4R RN6 |
Alex Hugh Walker | director, officer: Co-Chief Executive Officer | 73 KATHERINE CRESCENT STOUFFVILLE A6 L4A 1K5 |
Claude Germain | officer: Co-Chief Executive Officer | 188 GORMLEY ROAD W., RICHMOND HILL A6 L4E1A2 |
Paul M Blom | officer: Executive VP, Operations | 8 MCROBERTS PLACE AURORA A6 L4G 6X2 |
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