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22nd Century Group's cost of goods sold for the three months ended in Sep. 2023 was $19.78 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2023 was $88.54 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. 22nd Century Group's Gross Margin % for the three months ended in Sep. 2023 was -11.04%.
Cost of Goods Sold is also directly linked to Inventory Turnover. 22nd Century Group's Inventory Turnover for the three months ended in Sep. 2023 was 1.31.
The historical data trend for 22nd Century Group'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.
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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $88.54 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.
22nd Century Group (NAS:XXII) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
22nd Century Group's Gross Margin % for the three months ended in Sep. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (17.811 | - | 19.777) | / | 17.811 | |
= | -11.04 % |
* 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:
22nd Century Group's Inventory Turnover for the three months ended in Sep. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 19.777 | / | 15.1365 | |
= | 1.31 |
* 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 22nd Century Group's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrew Arno | director | C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108 |
James A Mish | director, officer: Chief Executive Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
John Franzino | officer: Chief Administrative Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Peter Ferola | officer: Chief Legal Officer | BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355 |
John J Miller | officer: President, Tobacco | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Lucille S Salhany | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Michael Zercher | officer: Chief Operating Officer | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Robert Hugh Kinsman | officer: Chief Financial Officer | 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Clifford B Fleet | director | 6601 WEST BROAD STREET, RICHMOND VA 23230 |
Richard F Fitzgerald | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
Anthony L. Johnson | director | C/O 22ND CENTURY GROUP, INC., 500 SENECA STREET, SUITE 507, BUFFALO NY 14204 |
Richard M. Sanders | director | 1119 PIEDRA RONDO, SANTA FE NM 87501 |
Roger D O'brien | director | C/O 22ND CENTURY GROUP, INC., 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Michael Koganov | director | 8560 MAIN STREET, SUITE 4, WILLIAMSVILLE NY 14221 |
Nora B Sullivan | director | C/O RAND CAPITAL CORP, 2200 RAND BLDG, BUFFALO NY 14203 |
From GuruFocus
By sperokesalga 06-20-2023
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