China Auto Logistics (China Auto Logistics) Cost of Goods Sold

: $512.2 Mil (TTM As of Sep. 2017)

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China Auto Logistics's cost of goods sold for the three months ended in Sep. 2017 was $124.7 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2017 was $512.2 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Auto Logistics's Gross Margin % for the three months ended in Sep. 2017 was 0.42%.

Cost of Goods Sold is also directly linked to Inventory Turnover. China Auto Logistics's Inventory Turnover for the three months ended in Sep. 2017 was 9.99.

China Auto Logistics Cost of Goods Sold Historical Data

The historical data trend for China Auto Logistics'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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China Auto Logistics Annual Data

Trend

Nov07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cost of Goods Sold

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580.06

452.38

397.83

442.94

464.10

China Auto Logistics Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Cost of Goods Sold	Get a 7-Day Free Trial															95.67	139.14	110.07	138.24	124.71

China Auto Logistics 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 Sep. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $512.2 Mil.

China Auto Logistics (OTCPK:CALIQ) Cost of Goods Sold Explanation

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

China Auto Logistics's Gross Margin % for the three months ended in Sep. 2017 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(125.232	-	124.705)	/	125.232
	=	0.42 %

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:

China Auto Logistics's Inventory Turnover for the three months ended in Sep. 2017 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	124.705	/	12.4885
	=	9.99

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.

China Auto Logistics Cost of Goods Sold Related Terms

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China Auto Logistics (China Auto Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Auto Logistics Inc (OTCPK:CALIQ) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

86 Tianbao Avenue, Floor 1 FTZ International Auto Mall, Free Trade Zone, Tianjin, CHN, 300461

Website

http://www.chinaautologisticsinc.com

China Auto Logistics Inc is the wholesaler of imported luxury automobiles. The company's operating segment includes Sales of Automobiles; Financing Services and Other Services. It generates maximum revenue from the Sales of Automobiles segment. Entire revenue from operations of the company is generated in China. The company also delivers logistics services related to the automobile importing process and other automobile value-added services, such as assistance with customs clearance, storage, and nationwide delivery services.