PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Cost of Goods Sold

: €7,368 Mil (TTM As of Dec. 2022)

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PJSC Mining & Metallurgical Co Norilsk Nickel's cost of goods sold for the six months ended in Dec. 2022 was €4,658 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2022 was €7,368 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Margin % for the six months ended in Dec. 2022 was 57.64%.

Cost of Goods Sold is also directly linked to Inventory Turnover. PJSC Mining & Metallurgical Co Norilsk Nickel's Inventory Turnover for the six months ended in Dec. 2022 was 0.96.

PJSC Mining & Metallurgical Co Norilsk Nickel Cost of Goods Sold Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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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PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cost of Goods Sold

4,504.79

4,661.19

4,023.74

5,118.24

7,441.96

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cost of Goods Sold																2,103.31	2,303.58	2,676.33	2,710.70	4,657.61

PJSC Mining & Metallurgical Co Norilsk Nickel 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 Dec. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was €7,368 Mil.

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Cost of Goods Sold Explanation

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

PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Margin % for the six months ended in Dec. 2022 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(10994.273	-	4657.613)	/	10994.273
	=	57.64 %

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:

PJSC Mining & Metallurgical Co Norilsk Nickel's Inventory Turnover for the six months ended in Dec. 2022 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4657.613	/	4831.942
	=	0.96

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.

PJSC Mining & Metallurgical Co Norilsk Nickel Cost of Goods Sold Related Terms

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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) » Definitions » Cost of Goods Sold

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Traded in Other Exchanges

N/A

Address

15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100

Website

https://www.nornickel.com

PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

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