Prosper One International Holdings Co (HKSE:01470) Cost of Goods Sold

: HK$20.21 Mil (TTM As of Oct. 2022)

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Prosper One International Holdings Co's cost of goods sold for the six months ended in Oct. 2022 was HK$3.83 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Oct. 2022 was HK$20.21 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Prosper One International Holdings Co's Gross Margin % for the six months ended in Oct. 2022 was 85.66%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Prosper One International Holdings Co's Inventory Turnover for the six months ended in Oct. 2022 was 0.94.

Prosper One International Holdings Co Cost of Goods Sold Historical Data

The historical data trend for Prosper One International Holdings Co'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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Prosper One International Holdings Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Cost of Goods Sold

211.41

112.74

49.82

39.30

34.65

Prosper One International Holdings Co Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22
Cost of Goods Sold														19.61	19.70	18.26	16.39	3.83

Prosper One International Holdings Co 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 Oct. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$20.21 Mil.

Prosper One International Holdings Co (HKSE:01470) Cost of Goods Sold Explanation

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

Prosper One International Holdings Co's Gross Margin % for the six months ended in Oct. 2022 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(26.67	-	3.825)	/	26.67
	=	85.66 %

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:

Prosper One International Holdings Co's Inventory Turnover for the six months ended in Oct. 2022 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.825	/	4.0625
	=	0.94

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.

Prosper One International Holdings Co Cost of Goods Sold Related Terms

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Prosper One International Holdings Co (HKSE:01470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Prosper One International Holdings Co Ltd (HKSE:01470) » Definitions » Cost of Goods Sold

Traded in Other Exchanges

N/A

Address

151 Gloucester Road, Room 1403, 14th Floor, Capital Centre, Wanchai, Hong Kong, HKG

Website

https://www.prosperoneintl.com

Prosper One International Holdings Co Ltd and its subsidiaries are engaged in the retail of mid-end watches in Hong Kong. It offers a wide range of branded mid-end watches with diverse design, style and functionality for business and casual uses, mainly targeting mid-income consumers and tourists. The company operates through three segments which include Retail business of watches, Wholesalers business of watches, and Trading of fertilisers and other products, with maximum revenue from Retail segment. Goegraphically, the company operates in the People's Republic of China and Hong Kong, with maximum revenue from Hong Kong.

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