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Cyanotech's cost of goods sold for the three months ended in Dec. 2023 was $3.93 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $15.84 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cyanotech's Gross Margin % for the three months ended in Dec. 2023 was 29.54%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Cyanotech's Inventory Turnover for the three months ended in Dec. 2023 was 0.42.
The historical data trend for Cyanotech'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.
Cyanotech Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 19.74 | 19.20 | 21.23 | 22.40 | 15.92 |
Cyanotech 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 | 4.13 | 4.01 | 3.61 | 4.29 | 3.93 |
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 $15.84 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.
Cyanotech (OTCPK:CYAN) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Cyanotech's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (5.582 | - | 3.933) | / | 5.582 | |
= | 29.54 % |
* 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:
Cyanotech's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 3.933 | / | 9.3575 | |
= | 0.42 |
* 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 Cyanotech's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Kakuk Collette Nicole | officer: Chief Strategic Comml Officer | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Michael A / Davis | director, 10 percent owner | 1621 JUANITA LANE, TIBURON CA 94920 |
Angela May Mcelwee | director | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Charles Jason Hartmann | officer: VP, Sales & Marketing | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Glenn Jensen | officer: VP-Operations | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA-KONA HI 96740 |
Jennifer M. Johansen | officer: VP of Quality | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA HI 96740 |
Walter Bennett Menzel | director | 45 MOUNT TIBURON ROAD, TIBURON CA 94920 |
Felicia I Ladin | officer: CFO, VP Fin & Admin, Treasurer | 26 CORPORATE CIRCLE, ALBANY NY 12203 |
Matthew Keith Custer | officer: Vice President, Gen Mgr | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA HI 96740 |
Amy Beth Nordin | officer: VP, HR, Secretary | 73-4460 QUEEN KAAHUMANU HWY. SUITE 102, KAILUA-KONA HI 96740 |
Brian Brett Orlopp | officer: CFO, VP, Treasurer, Secretary | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA CA 96740 |
Gerald J Watts | officer: COO | 2530 RED HILL AVE, SANTA ANA CA 92705 |
Mawae Morton | officer: President | 7473 MAKA'A STREET, HONOLULU HI 96825 |
Nancy E Katz | director | CALYPTE BIOMEDICAL CORP, 1265 HARBOR BAY PKWY, ALAHEDA CA 94502 |
David M Mulder | director | 21771 CALATRAVA, MISSION VIEJO CA 92692 |
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