Near Intelligence (Near Intelligence) Cost of Goods Sold : $15.48 Mil (TTM As of Jun. 2023)

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What is Near Intelligence Cost of Goods Sold?

Near Intelligence's cost of goods sold for the three months ended in Jun. 2023 was $5.64 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2023 was $15.48 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Near Intelligence's Gross Margin % for the three months ended in Jun. 2023 was 68.17%.

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

Near Intelligence Cost of Goods Sold Historical Data

The historical data trend for Near Intelligence'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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Near Intelligence Cost of Goods Sold Chart

Near Intelligence Annual Data

Trend

Dec20

Dec21

Cost of Goods Sold

4.39

12.92

Near Intelligence Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
Cost of Goods Sold	Get a 7-Day Free Trial				4.28	5.12	4.70	5.14	5.64

Near Intelligence 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.48 Mil.

Near Intelligence (OTCPK:NIRLQ) Cost of Goods Sold Explanation

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

Near Intelligence's Gross Margin % for the three months ended in Jun. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(17.709	-	5.636)	/	17.709
	=	68.17 %

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:

Near Intelligence's Inventory Turnover for the three months ended in Jun. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.636	/	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.

Near Intelligence Cost of Goods Sold Related Terms

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Near Intelligence (Near Intelligence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Near Intelligence Inc (OTCPK:NIRLQ) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 W Walnut Street, 4th Floor, Pasadena, CA, USA

Website

https://www.near.com

Near Intelligence Inc is a global, full stack data intelligence software as a service platform that stitches and enriches data on people and places from which its customers can derive actionable intelligence of consumer behavior to help its customers make meaningful decisions.

Executives

Richard J Salute	director	P O BOX 306, WOODBURY NY 11797
Sherman Iii Edmiston	director	ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Kathryn Petralia	director	TRICOLOR HOLDINGS, INC., 6021 CONNECTION DRIVE, 4TH FLOOR, IRVING TX 75039
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Jpmorgan Chase & Co	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10017
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Shobhit Shukla	officer: President	1096 KEELER AVENUE, BERKELEY CA 94708
Gladys Kong	officer: COO and Secretary	1096 KEELER AVENUE, BERKELEY CA 94708
Rahul Agarwal	officer: Chief Financial Officer	1096 KEELER AVENUE, BERKELEY CA 94708
Anil Mathews	director, officer: CEO and Chairman	1096 KEELER AVENUE, BERKELEY CA 94708
Jay Angelo	officer: General Counsel	1096 KEELER AVENUE, BERKELEY CA 94708
Sequoia Capital India Iii Ltd.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Ronald Steger	director	13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Blake Ross	10 percent owner	1887 WHITNEY MESA DRIVE, #2070, HENDERSON NV 89014