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Adept Technology Inc's Cost of Goods Sold for the three months ended in Jun. 2015 was \$8.47 Mil. Its Revenue for the three months ended in Jun. 2015 was \$13.88 Mil.

Adept Technology Inc's COGS to Revenue for the three months ended in Jun. 2015 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Adept Technology Inc's Gross Margin % for the three months ended in Jun. 2015 was 39.00%.

Historical Data

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

 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 COGS-to-Revenue 0.57 0.58 0.59 0.54 0.58

 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 COGS-to-Revenue 0.54 0.55 0.57 0.59 0.61

Calculation

Adept Technology Inc's COGS to Revenue for the fiscal year that ended in Jun. 2015 is calculated as

 COGS to Revenue = Cost of Goods Sold / Revenue = 31.441 / 54.195 = 0.58

Adept Technology Inc's COGS to Revenue for the quarter that ended in Jun. 2015 is calculated as

 COGS to Revenue = Cost of Goods Sold / Revenue = 8.468 / 13.882 = 0.61

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

Explanation

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

Adept Technology Inc's Gross Margin % for the three months ended in Jun. 2015 is calculated as:

 Gross Margin % = 1 - COGS to Revenue = 1 - Cost of Goods Sold / Revenue = 1 - 8.468 / 13.882 = 39.00 %

* 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.

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