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IVFH (Innovative Food Holdings) Cost of Goods Sold : $52.65 Mil (TTM As of Sep. 2024)


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What is Innovative Food Holdings Cost of Goods Sold?

Innovative Food Holdings's cost of goods sold for the three months ended in Sep. 2024 was $12.73 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2024 was $52.65 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Innovative Food Holdings's Gross Margin % for the three months ended in Sep. 2024 was 25.19%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Innovative Food Holdings's Inventory Turnover for the three months ended in Sep. 2024 was 4.32.


Innovative Food Holdings Cost of Goods Sold Historical Data

The historical data trend for Innovative Food Holdings'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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Innovative Food Holdings Cost of Goods Sold Chart

Innovative Food Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.26 37.86 45.26 61.38 54.69

Innovative Food Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cost of Goods Sold Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.42 15.34 11.90 12.69 12.73

Innovative Food Holdings 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $52.65 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.


Innovative Food Holdings  (OTCPK:IVFH) Cost of Goods Sold Explanation

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

Innovative Food Holdings's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(17.01 - 12.726) / 17.01
=25.19 %

* 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:

Innovative Food Holdings's Inventory Turnover for the three months ended in Sep. 2024 is calculated as:

* 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.


Innovative Food Holdings Cost of Goods Sold Related Terms

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Innovative Food Holdings Business Description

Traded in Other Exchanges
N/A
Address
9696 Bonita Beach Road, Suite 208, Bonita Springs, FL, USA, 34135
Innovative Food Holdings Inc through its subsidiaries is engaged in the distribution of perishables and specialty food products. Its customers include restaurants, hotels, country clubs, national chain accounts, casinos, hospitals, and catering houses. The company distributes perishable and specialty food and food-related products, including origin-specific seafood, domestic and imported meats, exotic game and poultry, artisanal cheeses, freshly prepared meals, caviar, wild and cultivated mushrooms, micro-greens, organic farmed and manufactured food products, estate-bottled olive oils and aged vinegar. The company also drop ship specialty foods to Professional Chefs nationally through the websites of broadline distributors, such as US Foods, Inc.
Executives
Denver Johnson Smith director 350 S RACE STREET, DENVER CO 80209
Samuel Klepfish director, officer: CEO 231 NORMAN AVENUE, BROOKLYN NY 11222
Brady Smallwood director, officer: Chief Operating Officer 4505 NE BIRCHGROVE PL, BENTONVILLE AR 72712
Robert William Bennett director, officer: Chief Executive Officer 28411 RACETRACK RD, BONITA SPRINGS FL 34135
Hank Cohn director 14 CHARLOTTE DRIVE, WESLEY HILLS NY 10977
Jefferson Gramm director C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
James C Pappas 10 percent owner 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Richard Tang officer: Chief Financial Officer C/O INNOVATIVE FOOD HOLDINGS, INC., 28411 RACETRACK RD, BONITA SPRINGS FL 34135
David Polinsky director 90 BOOTH AVENUE, ENGLEWOOD NJ 07631
Jcp Investment Management, Llc 10 percent owner 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Mark Schmulen 10 percent owner, other: See Explanation of Responses 11 GREENWAY PLAZA, SUITE 2400, HOUSTON TX 77046
Loukas D. Kozonis 10 percent owner, other: See Explanation of Responses 4849 N. MILWAUKEE AVENUE, SUITE 300, CHICAGO IL 60630
Jcp Investment Holdings, Llc 10 percent owner 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp 10 percent owner 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp 10 percent owner 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027