USD 1,337 Mil as of today(2020-08-09). In depth view into Intuit Cost of Goods Sold explanation, calculation, historical data and more" />INTU Cost of Goods Sold | Intuit - GuruFocus.com
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Intuit Cost of Goods Sold

: USD 1,337 Mil (TTM As of Apr. 2020)
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Intuit's cost of goods sold for the three months ended in Apr. 2020 was USD 426 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Apr. 2020 was USD 1,337 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Intuit's Gross Margin % for the three months ended in Apr. 2020 was 85.81%.

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


Intuit Cost of Goods Sold Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Intuit Annual Data
Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19
Cost of Goods Sold Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 725.00 752.00 810.00 978.00 1,167.00

Intuit Quarterly Data
Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20
Cost of Goods Sold Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 354.00 281.00 290.00 340.00 426.00

Intuit Cost of Goods Sold Calculation

Cost of goods sold (COGS) refers to the Total Inventories costs of those goods a business has sold during a particular period.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Apr. 2020 was 281 (Jul. 2019 ) + 290 (Oct. 2019 ) + 340 (Jan. 2020 ) + 426 (Apr. 2020 ) = USD 1,337 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Intuit  (NAS:INTU) Cost of Goods Sold Explanation

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

Intuit's Gross Margin % for the three months ended in Apr. 2020 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(3002 - 426) / 3002
=85.81 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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:

Intuit's Inventory Turnover for the three months ended in Apr. 2020 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


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