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New Age Metals (TSXV:NAM) Cost of Goods Sold : C$0.04 Mil (TTM As of Jul. 2024)


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What is New Age Metals Cost of Goods Sold?

New Age Metals's cost of goods sold for the three months ended in Jul. 2024 was C$0.01 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jul. 2024 was C$0.04 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. New Age Metals's Gross Margin % for the three months ended in Jul. 2024 was %.

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


New Age Metals Cost of Goods Sold Historical Data

The historical data trend for New Age Metals'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.

* Premium members only.

New Age Metals Cost of Goods Sold Chart

New Age Metals Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cost of Goods Sold
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.05 0.04 0.06 0.05

New Age Metals Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 0.01 0.01 0.01 0.01 0.01

New Age Metals 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.04 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.


New Age Metals  (TSXV:NAM) Cost of Goods Sold Explanation

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

New Age Metals's Gross Margin % for the three months ended in Jul. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.006) / 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:

New Age Metals's Inventory Turnover for the three months ended in Jul. 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.


New Age Metals Cost of Goods Sold Related Terms

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New Age Metals Business Description

Traded in Other Exchanges
Address
2148 West 38th Avenue, Suite 101, Vancouver, BC, CAN, V6M 1R9
New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring, and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and the USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska), and seven Lithium projects (Manitoba).
Executives
Harry Barr Director, Senior Officer
Cody Hunt Senior Officer
Charlotte Brown Senior Officer
Michael Francis Neumann Director

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