Bittnet Systems Bucuresti (BSE:BNET) Cost of Goods Sold : lei0.00 Mil (TTM As of . 20)

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What is Bittnet Systems Bucuresti Cost of Goods Sold?

Bittnet Systems Bucuresti's cost of goods sold for the six months ended in . 20 was lei0.00 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in . 20 was lei0.00 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Bittnet Systems Bucuresti's Gross Margin % for the six months ended in . 20 was %.

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

Bittnet Systems Bucuresti Cost of Goods Sold Historical Data

The historical data trend for Bittnet Systems Bucuresti'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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Bittnet Systems Bucuresti Cost of Goods Sold Chart

Bittnet Systems Bucuresti Annual Data

Trend

Cost of Goods Sold

Bittnet Systems Bucuresti Semi-Annual Data

Cost of Goods Sold

Bittnet Systems Bucuresti 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Cost of Goods Sold for the trailing twelve months (TTM) ended in . 20 was lei0.00 Mil.

Bittnet Systems Bucuresti (BSE:BNET) Cost of Goods Sold Explanation

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

Bittnet Systems Bucuresti's Gross Margin % for the six 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:

Bittnet Systems Bucuresti's Inventory Turnover for the six 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.

Bittnet Systems Bucuresti Cost of Goods Sold Related Terms

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Bittnet Systems Bucuresti Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Bittnet Systems SA Bucuresti (BSE:BNET) » Definitions » Cost of Goods Sold

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Address

Progresului Street, No. 1, One Cotroceni Park Office, Building B, Floor 4, Bucharest, ROU, 052034

Website

https://www.bittnet.ro

Bittnet Systems SA Bucuresti is engaged information technology sector. The company focuses on IT training and delivering end-to-end IT infrastructure services and solutions from market leaders like Cisco, Microsoft, and VMware. Its services include General consultancy, IT assessment, Implementation and migration, Maintenance and support, Infrastructure optimization and IT Training Services. The company solutions include Network Infrastructure, Network Security, Network Management, data centers, virtualization and cloud computing.