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FTAC Parnassus Acquisition's cost of goods sold for the three months ended in Sep. 2022 was $0.00 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2022 was $0.00 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. FTAC Parnassus Acquisition's Gross Margin % for the three months ended in Sep. 2022 was %.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for FTAC Parnassus Acquisition'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.
FTAC Parnassus Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Cost of Goods Sold | - | - |
FTAC Parnassus Acquisition Quarterly Data | ||||||||
Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | ||
Cost of Goods Sold | Get a 7-Day Free Trial | - | - | - | - | - |
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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 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.
FTAC Parnassus Acquisition (NAS:FTPAU) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
FTAC Parnassus Acquisition's Gross Margin % for the three months ended in Sep. 2022 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (0 | - | 0) | / | 0 | |
= | % |
* 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:
FTAC Parnassus Acquisition's Inventory Turnover for the three months ended in Sep. 2022 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0 | / | 0 | |
= | N/A |
* 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 FTAC Parnassus Acquisition's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel G Cohen | director, 10 percent owner | 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019 |
Pooler Joseph W. Jr. | officer: CFO & Secretary | 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870 |
Lesley Goldwasser | director | 312 W. 102ND ST., NEW YORK NY 10025 |
Ellen Warren | director | 311 ROUSER ROAD, MOON TOWNSHIP PA 15108 |
Walter C Jones | director | 311 ROUSER ROAD, MOON TOWNSHIP PA 15108 |
Jan Hopkins Trachtman | director | 101 JOHN F. KENNEDY PARKWAY, SHORT HILLS NJ 07078-2705 |
Ryan Mark Gilbert | 10 percent owner, officer: President and CEO | 2201 BROADWAY STE 705, OAKLAND CA 94612 |
Ftac Parnassus Advisors, Llc | 10 percent owner | 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104 |
Ftac Parnassus Sponsor, Llc | 10 percent owner | 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104 |
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