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Ocean Harvest Technology Group (LSE:OHT) Cost of Goods Sold : £1.46 Mil (TTM As of Jun. 2024)


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What is Ocean Harvest Technology Group Cost of Goods Sold?

Ocean Harvest Technology Group's cost of goods sold for the six months ended in Jun. 2024 was £0.56 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2024 was £1.46 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ocean Harvest Technology Group's Gross Margin % for the six months ended in Jun. 2024 was 30.06%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Ocean Harvest Technology Group's Inventory Turnover for the six months ended in Jun. 2024 was 0.42.


Ocean Harvest Technology Group Cost of Goods Sold Historical Data

The historical data trend for Ocean Harvest Technology Group'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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Ocean Harvest Technology Group Cost of Goods Sold Chart

Ocean Harvest Technology Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
0.86 1.30 1.94 1.92

Ocean Harvest Technology Group Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cost of Goods Sold Get a 7-Day Free Trial 0.86 1.07 1.02 0.90 0.56

Ocean Harvest Technology Group 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1.46 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.


Ocean Harvest Technology Group  (LSE:OHT) Cost of Goods Sold Explanation

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

Ocean Harvest Technology Group's Gross Margin % for the six months ended in Jun. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(0.805 - 0.563) / 0.805
=30.06 %

* 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:

Ocean Harvest Technology Group's Inventory Turnover for the six months ended in Jun. 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.


Ocean Harvest Technology Group Cost of Goods Sold Related Terms

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Ocean Harvest Technology Group Business Description

Traded in Other Exchanges
N/A
Address
41 London Road, Castle Court, Reigate, GBR, RH2 9RJ
Ocean Harvest Technology Group PLC is a commercial-scale producer of seaweed blend ingredients for the animal feed market. It produces seaweed blend ingredients for animal feed under the brand name OceanFeed feed ingredients for multiple species of animals.

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