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Manning & Napier's cost of goods sold for the three months ended in Jun. 2022 was $16.7 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2022 was $81.3 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Manning & Napier's Gross Margin % for the three months ended in Jun. 2022 was 50.53%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Manning & Napier'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.
Manning & Napier Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 119.48 | 105.58 | 93.54 | 84.64 | 83.71 |
Manning & Napier Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 20.84 | 21.26 | 20.37 | 22.99 | 16.72 |
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 Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $81.3 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.
Manning & Napier (NYSE:MN) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Manning & Napier's Gross Margin % for the three months ended in Jun. 2022 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (33.797 | - | 16.719) | / | 33.797 | |
= | 50.53 % |
* 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:
Manning & Napier's Inventory Turnover for the three months ended in Jun. 2022 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 16.719 | / | 0 | |
= | N/A |
* 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 Manning & Napier's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Pickett Briley | officer: See Remarks | 2050 STELCHEST DRIVE, WESTMINSTER MD 21157 |
Holder Lofton Phillip Jr | director | 48 WEST 89TH STREET, NEW YORK NY 10024 |
Scott Morabito | officer: See Remarks | C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450 |
Stacey Green | officer: See Remarks | C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450 |
Ebrahim Busheri | officer: Director of Investments | 180 BEACH DRIVE NE, UNIT 1102, ST. PETERSBURG FL 33701 |
Marc O Mayer | officer: Chief Executive Officer | C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
William Manning | director, officer: Chief Executive Officer | 290 WOODCLIFF DRIVE, FAIRPORT NY 14450 |
Aaron Thomas Mcgreevy | officer: See Remarks | 600 SINSBURY DRIVE EAST, WORTHINGTON OH 43085 |
Edward J Pettinella | director | C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604 |
Gregory Woodard | officer: See Remarks | C/O MANNING & NAPIER, 290 WOODCLIFF DRIVE, FAIRPORT NY 14450 |
Robert Irving Kopech | director | C/O MANNING & NAPIER, INC., 290 WOODCLIFF DRIVE, FAIRPORT NY 14450 |
Thomas Roy Anderson | officer: See Remarks | 1233 WATERFORD ROAD, WEST CHESTER PA 19380 |
Brunner Nicole Marie Kingsley | officer: See Remarks | 39 DEER CREEK ROAD, PITTSFORD NY 14534 |
Antony John Desorbo | officer: See Remarks | 8429 HOBNAIL ROAD, MANLIUS NY 13104 |
Sarah Christine Turner | officer: See Remarks | 637 CONTEMPRI WAY, WEBSTER NY 14580 |
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