Switch to:
Apple Inc  (NAS:AAPL) Cost of Goods Sold: \$163,756 Mil (TTM As of Sep. 2018)

Apple Inc's cost of goods sold for the three months ended in Sep. 2018 was \$38,816 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2018 was \$163,756 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Apple Inc's Gross Margin % for the three months ended in Sep. 2018 was 38.29%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Apple Inc's Inventory Turnover for the three months ended in Sep. 2018 was 7.85.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Apple Inc Annual Data

 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Cost of Goods Sold 112,258.00 140,089.00 131,376.00 141,048.00 163,756.00

Apple Inc Quarterly Data

 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Cost of Goods Sold 32,648.00 54,381.00 37,715.00 32,844.00 38,816.00

Calculation

Cost of goods sold (COGS) refers to the Total Inventories costs of those goods a business has sold during a particular period.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Sep. 2018 was 54381 (Dec. 2017 ) + 37715 (Mar. 2018 ) + 32844 (Jun. 2018 ) + 38816 (Sep. 2018 ) = \$163,756 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

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

Apple Inc's Gross Margin % for the three months ended in Sep. 2018 is calculated as:

 Gross Margin % = (Revenue - Cost of Goods Sold) / Revenue = (62900 - 38816) / 62900 = 38.29 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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:

Apple Inc's Inventory Turnover for the three months ended in Sep. 2018 is calculated as:

 Inventory Turnover = Cost of Goods Sold / Total Inventories = 38816 / 4946 = 7.85

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

Related Terms

From the Internet

###### \$GM \$ENB \$SLB \$WY \$BUD \$BRK.A \$BRK.B \$MSFT \$AAPL \$BX \$MRK \$SU \$LW \$KMB \$V \$MA \$UNP \$PFE \$JNJ Clearbridge Dividend Strategy Portfolio Manager Commentary Q3 2018

- Seekingalpha 2018-11-13 22:48:08

###### \$NFLX \$AAPL Apple Ignore Noise

- Seekingalpha 2018-11-13 20:43:26

###### Dropbox, Teva Pharmaceuticals, Salesforce: 'Mad Money' Lightning Round

- theStreet 2018-11-13 20:10:00

###### Fab Five FAANG Stocks: Cramer's 'Mad Money' Recap

- theStreet 2018-11-13 18:44:00

###### Here's Why Tesla (TSLA) Stock Looks Like a Strong Buy Right Now

- Zacks 2018-11-13 17:44:00

###### What Is Rate of Return and What Is a Good Rate of Return?

- theStreet 2018-11-13 17:34:00

###### \$AAPL #APPLE \$FIT Fitbit Races Bottom Step Aside

- Seekingalpha 2018-11-13 17:08:32

###### Stock market charts point to more trouble ahead: Small cap stocks close to 'death cross'

- cnbc 2018-11-13 16:54:09

###### Apple (AAPL) Dips More Than Broader Markets: What You Should Know

- Zacks 2018-11-13 16:45:17

###### Apple Shares Down 5%, Now What?

- Zacks 2018-11-13 15:37:00

###### \$LITE \$AAPL Apple Repeat 2015minus 16

- Seekingalpha 2018-11-13 15:01:01

###### Apple raising prices to offset unit sales growth decline is a fed flag

- theStreet 2018-11-13 14:44:00

###### Without iPhone unit sales, Apple investors might face a bumpier road ahead

- theStreet 2018-11-13 13:42:00

###### \$AMZN \$CYB \$AAPL \$SPY \$QQQ \$DIA \$SH \$IWM \$TZA \$SSO \$TNA \$VOO \$SDS \$IVV \$SPXU \$TQQQ \$UPRO \$PSQ \$SPXL \$UWM \$RSP \$QID China Driven Test October Lows

- Seekingalpha 2018-11-13 13:39:41

###### Cannabis Stocks Reporting Earnings & News from HD, AAPL, TSN

- Zacks 2018-11-13 12:30:00

###### 6 Inverse ETF Areas to Tap as Markets Turn Red

- Zacks 2018-11-13 12:00:00

###### 6 Inverse ETF Areas to Tap in Volatile Markets

- Zacks 2018-11-13 12:00:00

###### FAANG Stocks Rally in Big Tech Rebound

- theStreet 2018-11-13 11:55:00

###### The Latest Smartphone News from Apple & Samsung

- Zacks 2018-11-13 11:34:00

###### \$NFLX \$XI \$AAPL Apple Shine

- Seekingalpha 2018-11-13 11:08:31

###### Dow Edges Higher, Wall Street Rebounds From Tech-Led Selloff

- theStreet 2018-11-13 09:42:00

###### Earnings Data Deluge

- Zacks 2018-11-13 09:37:00

###### Goldman Sachs cuts Apple iPhone estimates on negative supplier outlook

- cnbc 2018-11-13 09:35:24

###### Indexes Try to Claw Back from Bloody Monday; Plus HD, TSN & More

- Zacks 2018-11-13 09:19:00

###### \$MSFT #MICROSOFT #WINDOWS \$AAPL \$BRK.A \$BRK.B \$JNJ \$MRK \$FB \$VMC \$APC \$PXD \$SLB \$AVGO \$KHC \$CVS \$RHHBY \$LEN \$RHT Clearbridge Appreciation Strategy Portfolio Manager Commentary Q3 2018

- Seekingalpha 2018-11-13 08:45:06

###### Dow Slumps 600 Points: 4 Best No-Load Mutual Fund Picks

- Zacks 2018-11-13 08:44:00

###### Apple Resumes Slide After Goldman Sours on iPhone Forecasts, Cuts Price Target

- theStreet 2018-11-13 08:38:00

###### \$AAPL #APPLE Apple Stock Buy 16 Percent Decline

- Seekingalpha 2018-11-13 08:33:46

###### Stock Market News For Nov 13, 2018

- Zacks 2018-11-13 08:31:00

###### \$SCHW \$AAPL \$EW \$FB \$SLB \$CLB \$QCOM \$TSCO \$BRK.A \$BRK.B \$BKNG \$KHC \$CHRW \$ODFL \$ULTA \$RWGIX \$RWGFX Riverpark Wedgewood Fund Q3 2018 Investor Letter

- Seekingalpha 2018-11-13 08:20:08

###### \$AAPL #APPLE \$AMZN \$DIA \$GE \$GLD \$GS \$IWM \$QQQ \$SLV \$SPY \$TSLA \$UUP \$XLK \$XLP \$XLRE \$XLU Market Volatility Bulletin Micro Went Macro

- Seekingalpha 2018-11-13 07:52:54

###### \$SPY \$QQQ \$AAPL \$AMZN \$BA \$CMI \$CPB \$E \$EIX \$GILD \$K \$KHC \$MAC \$NAV \$PCG \$REGN \$SNAP \$SSNLF \$TI \$GM \$GOOG \$GOOGL Amazon Selects New York Virginia Locations Hq2 3

- Seekingalpha 2018-11-13 07:42:16

###### \$AAPL #APPLE \$FB \$AMZN \$NFLX \$GOOG \$GOOGL \$GE \$AMD \$SBUX \$BABA \$FEYE Market Bottom Signs Cramers Mad Money 11 12 18

- Seekingalpha 2018-11-13 07:41:08

###### \$BX \$EXAS \$AAPL \$AMZN \$ILMN \$FB \$DLMAF \$SLB \$EBAY \$CBRE \$RPXIX \$RPXFX Riverpark Large Growth Fund Q3 2018 Performance Summary

- Seekingalpha 2018-11-13 07:30:06

###### Apple Woes Trigger Tech Sector Rout: ETFs Under Threat

- Zacks 2018-11-13 07:00:00

###### \$SPY \$QQQ \$AAPL \$AMZN \$BA \$CMI \$CPB \$E \$EIX \$GILD \$K \$KHC \$MAC \$NAV \$PCG \$REGN \$SNAP \$SSNLF \$TI \$GM \$GOOG \$GOOGL Wall Street Breakfast Amazon Finds Homes New Headquarters

- Seekingalpha 2018-11-13 06:59:42

###### Is Fidelity High Dividend ETF (FDVV) a Hot ETF Right Now?

- Zacks 2018-11-13 06:33:00

###### Should John Hancock Multifactor Large Cap ETF (JHML) Be on Your Investing Radar?

- Zacks 2018-11-13 06:24:00

###### Amazon, Apple, Google, Boeing and Oil Prices - 5 Things You Must Know

- theStreet 2018-11-13 05:40:00

###### One part store, one part lab: Mall owner debuts BrandBox, a new way to fill vacant space

- cnbc 2018-11-13 04:11:54

###### Stocks Rebound Despite Tech Slump, Record Oil Slide: US-China Trade in Focus

- theStreet 2018-11-13 03:43:00

###### The Zacks Analyst Blog Highlights: Alphabet, General motors, Apple and PayPal

- Zacks 2018-11-13 03:31:00

###### Dow Crumbles Amid Tech Weakness; Merger Monday Gets Early Start -- ICYMI

- theStreet 2018-11-12 19:30:00

###### Don't blame Monday's market rout entirely on Apple. Global growth and the Fed are issues

- cnbc 2018-11-12 19:16:04

###### Gotta Stop the Drop: Cramer's 'Mad Money' Recap

- theStreet 2018-11-12 18:49:00

###### Here's What to Expect from Home Depot's (HD) Q3 Earnings

- Zacks 2018-11-12 17:41:00

###### \$AAPL #APPLE Apple Risk Increases Dramatically

- Seekingalpha 2018-11-12 16:55:53

###### Time to Buy Coca-Cola (KO) Stock Near New All-Time High?

- Zacks 2018-11-12 16:50:00

###### Buy Semiconductors on the Dip? 3 Stocks to Consider Now

- Zacks 2018-11-12 16:47:00

###### Apple analysts have a long history of misreading weak iPhone demand based on supplier rumors

- cnbc 2018-11-12 16:20:46

###### \$AAPL #APPLE Apple Services Led Margin Inflection

- Seekingalpha 2018-11-12 16:13:38

###### Apple's breakdown could mean the stock market retests the October low, chart analysts fear

- cnbc 2018-11-12 15:48:56

###### \$AAPL #APPLE Without Iphone Sales Data Next Best Apple Yardstick

- Seekingalpha 2018-11-12 15:20:56

###### Apple Supplier Lumentum's Warning Likely Has More to Do With iPhone XR Than XS

- theStreet 2018-11-12 15:11:00

###### ESPN+ & Disney's (DIS) Bright Streaming Future

- Zacks 2018-11-12 14:31:00

###### \$AAPL #APPLE \$AMZN \$DIS \$FB \$GOOG \$T \$GOOGL \$NFLX Netflix Costly Streaming Wars

- Seekingalpha 2018-11-12 14:30:34

###### \$AAPL #APPLE \$LITE Buy Drop Lumentum

- Seekingalpha 2018-11-12 13:44:17

###### \$AAPL #APPLE Apple Conservative

- Seekingalpha 2018-11-12 13:36:45

###### There's something behind this market sell-off that no one is talking about: The strong dollar

- cnbc 2018-11-12 13:26:51

###### Jim Cramer Breaks Down the Market's Not So Happy Monday

- theStreet 2018-11-12 13:16:00

###### Kofax Buys a Division of Nuance Communications for \$400M in Cash

- theStreet 2018-11-12 12:50:00

###### \$AAPL #APPLE \$AMZN \$BABA \$BHGE \$BOX \$CSCO \$CTSH \$GBS \$GE \$GOOG \$MSFT \$ORCL \$RHT \$WIT \$IBM Ibm Going Can Saved

- Seekingalpha 2018-11-12 12:44:04

###### A popular Apple analyst just cut his iPhone XR shipment estimates by 30 million units

- cnbc 2018-11-12 12:41:58

###### Monday Merger Fun & Why Apple Led Tech Stocks Lower Today

- Zacks 2018-11-12 12:29:00

###### Alphabet Roundup: Waymo, Discover, Lens, Employees

- Zacks 2018-11-12 12:28:00

###### \$INTC #BRIANKRZANICH #INTEL \$QCOM \$GOOG \$GOOGL \$SSNLF \$AAPL Apple Takes Position 5g Race Catches

- Seekingalpha 2018-11-12 12:17:07

###### \$AAPL #APPLE \$AMZN \$CG \$CHK \$CRM \$CVX \$DO \$DVN \$ETFC \$FB \$GE \$GOOGL \$INTC \$JNJ \$KMI \$KO \$MMM \$MSFT \$NFLX \$NVDA \$O Everyone Become Trader Faang Holder Dgi Investor

- Seekingalpha 2018-11-12 11:28:26

###### Apple slides after one of its suppliers cut its outlook, hinting at weak iPhone orders

- cnbc 2018-11-12 11:19:31

###### 2 Key Trends in U.S. Stocks That Could Cause Another Correction

- theStreet 2018-11-12 10:32:00

###### Stocks Fall as Apple Tumbles, Oil Prices Climb

- theStreet 2018-11-12 09:40:00

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)