China Mining (ASX:CMF) Cost of Goods Sold : A$0.00 Mil (TTM As of . 20)

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What is China Mining Cost of Goods Sold?

China Mining's cost of goods sold for the three months ended in . 20 was A$0.00 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in . 20 was A$0.00 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. China Mining's Gross Margin % for the three months ended in . 20 was %.

Cost of Goods Sold is also directly linked to Inventory Turnover.

China Mining Cost of Goods Sold Historical Data

The historical data trend for China Mining'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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China Mining Cost of Goods Sold Chart

China Mining Annual Data

Trend

Cost of Goods Sold

China Mining Quarterly Data

Cost of Goods Sold

China Mining 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 . 20 adds up the quarterly data reported by the company within the most recent 12 months, which was A$0.00 Mil.

China Mining (ASX:CMF) Cost of Goods Sold Explanation

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

China Mining's Gross Margin % for the three months ended in . 20 is calculated as:

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

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:

China Mining's Inventory Turnover for the three months ended in . 20 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=		/	0
	=	N/A

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.

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China Mining (ASX:CMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Mining Ltd (ASX:CMF) » Definitions » Cost of Goods Sold

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Traded in Other Exchanges

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Address

Website

http://www.chinamininggroup.com

China Mining Ltd was incorporated on 27 January 2011 with the purpose of establishing a mineral exploration and mining company, as well as seeking opportunities to assist Chinese investors to invest in overseas mining projects. The Company's focus will initially be on its Yarri Range Project for gold exploration in Western Australia. Yarri Range Project comprises 2 exploration licences E31/859 and E31/887 with a total area of 97.2 sq km for gold exploration. The Project is located in the Eastern Goldfields of Western Australia, approximately 170 km northeast of Kalgoorlie around the Laverton Tectonic Zone, a gold mining fields, estimated to contain over 22 million ounces of gold with deposits such as Sunrise Dam (8.0 Moz), Wallaby (8.0 Moz), Granny Smith (2.5 Moz) and Mt Morgans (1.3 Moz).