SeaCube Container Leasing (FRA:03S) Cost of Goods Sold : €4.6 Mil (TTM As of Dec. 2012)

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What is SeaCube Container Leasing Cost of Goods Sold?

SeaCube Container Leasing's cost of goods sold for the three months ended in Dec. 2012 was €1.4 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2012 was €4.6 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. SeaCube Container Leasing's Gross Margin % for the three months ended in Dec. 2012 was 96.48%.

Cost of Goods Sold is also directly linked to Inventory Turnover.

SeaCube Container Leasing Cost of Goods Sold Historical Data

The historical data trend for SeaCube Container Leasing'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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SeaCube Container Leasing Cost of Goods Sold Chart

SeaCube Container Leasing Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Cost of Goods Sold

10.20

6.22

4.64

4.55

4.52

SeaCube Container Leasing Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Cost of Goods Sold	Get a 7-Day Free Trial								1.25	1.06	1.14	1.01	1.37

SeaCube Container Leasing 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 Dec. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was €4.6 Mil.

SeaCube Container Leasing (FRA:03S) Cost of Goods Sold Explanation

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

SeaCube Container Leasing's Gross Margin % for the three months ended in Dec. 2012 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(38.831	-	1.367)	/	38.831
	=	96.48 %

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:

SeaCube Container Leasing's Inventory Turnover for the three months ended in Dec. 2012 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.367	/	0
	=	N/A

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.

SeaCube Container Leasing Cost of Goods Sold Related Terms

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SeaCube Container Leasing (FRA:03S) Business Description

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Website

SeaCube Container Leasing Ltd was incorporated in Bermuda in March 2010. It is a container leasing company based on total assets. Containers are the primary means by which products are shipped internationally because they facilitate the secure and efficient movement of goods via multiple transportation modes, including ships, rail and trucks. The principal activities of its business include the acquisition, leasing, re-leasing and subsequent sale of refrigerated and dry containers and generator sets. It leases its containers primarily under long-term contracts to a diverse group of the shipping lines. It owns or manages a fleet of 507,013 units, representing 795,039 TEUs of containers and generator sets. It leases three types of assets: Reefers, which are used for perishable items such as fresh and frozen foods; Dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples and apparel; and Gensets, which are diesel generators used to provide mobile power to reefers. The Company's fleet of equipment consists of three types of container assets: refrigerated containers, dry freight containers and generator sets. Refrigerated containers, or reefers, are insulated containers that include an integrated cooling machine. These containers are typically used to carry perishable cargo such as fresh and frozen produce, meat, poultry, fish and other temperature sensitive products. A dry container is essentially a steel box with a set of doors on one end. Dry containers are the least-expensive type of intermodal container and are used to carry most types of freight. Generator sets, or gensets, are portable diesel fueled generators used to power reefers. They can be used when reefers are transported by trucks. It competes with Textainer Group, Florens Group, Triton Container, TAL International and GE Seaco. The Company is subject to federal, state, local and foreign laws and regulations relating to the protection of the environment, including those governing the discharge of pollutants to air and water, the management and disposal of hazardous substances and wastes and the cleanup of contaminated sites.

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