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AZI (Autozi Internet Technology (Global)) Cost of Goods Sold : $117.4 Mil (TTM As of Mar. 2024)


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What is Autozi Internet Technology (Global) Cost of Goods Sold?

Autozi Internet Technology (Global)'s cost of goods sold for the six months ended in Mar. 2024 was $48.0 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $117.4 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Autozi Internet Technology (Global)'s Gross Margin % for the six months ended in Mar. 2024 was 0.23%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Autozi Internet Technology (Global)'s Inventory Turnover for the six months ended in Mar. 2024 was 34.54.

Autozi Internet Technology (Global) Cost of Goods Sold Historical Data

The historical data trend for Autozi Internet Technology (Global)'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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Autozi Internet Technology (Global) Cost of Goods Sold Chart

Autozi Internet Technology (Global) Annual Data
Trend Sep21 Sep22 Sep23
Cost of Goods Sold
65.77 119.63 113.05

Autozi Internet Technology (Global) Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Cost of Goods Sold Get a 7-Day Free Trial 55.47 64.17 43.66 69.39 48.03

Autozi Internet Technology (Global) 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $117.4 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.

Autozi Internet Technology (Global)  (NAS:AZI) Cost of Goods Sold Explanation

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

Autozi Internet Technology (Global)'s Gross Margin % for the six months ended in Mar. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(48.142 - 48.031) / 48.142
=0.23 %

* 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:

Autozi Internet Technology (Global)'s Inventory Turnover for the six months ended in Mar. 2024 is calculated as:

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=48.031 / 1.3905
=34.54

* 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.

Autozi Internet Technology (Global) Cost of Goods Sold Related Terms

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Autozi Internet Technology (Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autozi Internet Technology (Global) Ltd (NAS:AZI) » Definitions » Cost of Goods Sold
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 68 Beiqing Road, Block A, Building No. 16, Yonyou Software Park, Haidian, Beijing, CHN
Website
https://www.autozi.com
Autozi Internet Technology (Global) Ltd is one of China's leading and fast-growing lifecycle automotive service providers. It provides high-quality, affordable, and professional one-stop automotive products and services through online and offline channels nationwide. Leveraging its online supply chain cloud platform, SaaS platforms, and the network of MBS stores, It has established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufacturers, and insurance companies with MBS stores and various automotive owners. Its business segments include new car sales, auto parts and auto accessories sales, and automotive insurance-related services. The majority of revenue is from the new car sales segment, and auto parts & auto accessories sales.