Orbit International (Orbit International) Cost of Goods Sold

: $9.94 Mil (TTM As of Jun. 2017)

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Orbit International's cost of goods sold for the three months ended in Jun. 2017 was $3.17 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2017 was $9.94 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Orbit International's Gross Margin % for the three months ended in Jun. 2017 was 37.18%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Orbit International's Inventory Turnover for the three months ended in Jun. 2017 was 0.32.

Orbit International Cost of Goods Sold Historical Data

The historical data trend for Orbit 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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Orbit International Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Cost of Goods Sold

17.78

15.50

12.55

12.46

13.09

Orbit International Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Jun17
Cost of Goods Sold																3.05	3.27	3.48	3.30	3.17

Orbit 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 Jun. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.94 Mil.

Orbit International (OTCPK:ORBT) Cost of Goods Sold Explanation

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

Orbit International's Gross Margin % for the three months ended in Jun. 2017 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(5.043	-	3.168)	/	5.043
	=	37.18 %

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:

Orbit International's Inventory Turnover for the three months ended in Jun. 2017 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.168	/	9.978
	=	0.32

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.

Orbit International Cost of Goods Sold Related Terms

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Orbit International (Orbit International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Orbit International Corp (OTCPK:ORBT) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Cabot Court, Hauppauge, NY, USA, 11788

Website

https://www.orbitintl.com

Orbit International Corp is a U.S based company engaged in offering mission-critical hardware, software, and integrated systems. It operates through two segments: the Electronics Group and the Power Group. The company designs and manufactures subsystems and components for contractors, government procurement agencies (both foreign and domestic), and research and development laboratories across the world.

Executives