Thermal Energy International (FRA:EUW) Cost of Goods Sold : €9.13 Mil (TTM As of Nov. 2023)

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Thermal Energy International's cost of goods sold for the three months ended in Nov. 2023 was €2.44 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Nov. 2023 was €9.13 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Thermal Energy International's Gross Margin % for the three months ended in Nov. 2023 was 49.1%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Thermal Energy International's Inventory Turnover for the three months ended in Nov. 2023 was 2.11.

Thermal Energy International Cost of Goods Sold Historical Data

The historical data trend for Thermal Energy International'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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Thermal Energy International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Cost of Goods Sold

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8.66

8.18

5.84

6.75

7.84

Thermal Energy International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cost of Goods Sold	Get a 7-Day Free Trial															1.74	2.07	2.98	1.64	2.44

Thermal Energy International 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €9.13 Mil.

Thermal Energy International (FRA:EUW) Cost of Goods Sold Explanation

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

Thermal Energy International's Gross Margin % for the three months ended in Nov. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(4.79	-	2.438)	/	4.79
	=	49.1 %

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:

Thermal Energy International's Inventory Turnover for the three months ended in Nov. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.438	/	1.1575
	=	2.11

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.

Thermal Energy International Cost of Goods Sold Related Terms

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Thermal Energy International (FRA:EUW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermal Energy International Inc (FRA:EUW) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

TMGEF:USA EUW:Germany TMG:Canada

Address

36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5

Website

https://www.thermalenergy.com

Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.

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