Sipp Industries (Sipp Industries) Cost of Goods Sold : $0.00 Mil (TTM As of Dec. 2006)

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What is Sipp Industries Cost of Goods Sold?

Sipp Industries's cost of goods sold for the six months ended in Dec. 2006 was $0.00 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2006 was $0.00 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sipp Industries's Gross Margin % for the six months ended in Dec. 2006 was 100%.

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

Sipp Industries Cost of Goods Sold Historical Data

The historical data trend for Sipp Industries'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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Sipp Industries Cost of Goods Sold Chart

Sipp Industries Annual Data

Trend

Dec04

Dec05

Dec06

Cost of Goods Sold

Sipp Industries Semi-Annual Data
	Dec04	Dec05	Dec06
Cost of Goods Sold	-	-	-

Sipp Industries 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 Dec. 2006 was $0.00 Mil.

Sipp Industries (OTCPK:SIPC) Cost of Goods Sold Explanation

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

Sipp Industries's Gross Margin % for the six months ended in Dec. 2006 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(0.003	-	0)	/	0.003
	=	100 %

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:

Sipp Industries's Inventory Turnover for the six months ended in Dec. 2006 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	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.

Sipp Industries Cost of Goods Sold Related Terms

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Sipp Industries (Sipp Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Sipp Industries Inc (OTCPK:SIPC) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Anton Boulevard, Suite 1100, Costa Mesa, CA, USA, 92626

Website

http://www.sippindustries.com

Sipp Industries Inc is a is a brand owner of craft hemp beer and spirits. It forms strategic partnerships with craft breweries and distilleries to produce its products. The Company partners with local and national distributors to promote and market the beverages to events, bars, restaurants, lounges, clubs, and retail stores.