Gaia Grow (XCNQ:GAIA) Cost of Goods Sold : C$0.08 Mil (TTM As of Sep. 2022)

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What is Gaia Grow Cost of Goods Sold?

Gaia Grow's cost of goods sold for the three months ended in Sep. 2022 was C$0.05 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2022 was C$0.08 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gaia Grow's Gross Margin % for the three months ended in Sep. 2022 was 2.04%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Gaia Grow's Inventory Turnover for the three months ended in Sep. 2022 was 0.55.

Gaia Grow Cost of Goods Sold Historical Data

The historical data trend for Gaia Grow'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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Gaia Grow Cost of Goods Sold Chart

Gaia Grow Annual Data

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Cost of Goods Sold

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Gaia Grow Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cost of Goods Sold	Get a 7-Day Free Trial															-	-	-	0.03	0.05

Gaia Grow 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.08 Mil.

Gaia Grow (XCNQ:GAIA) Cost of Goods Sold Explanation

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

Gaia Grow's Gross Margin % for the three months ended in Sep. 2022 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(0.049	-	0.048)	/	0.049
	=	2.04 %

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:

Gaia Grow's Inventory Turnover for the three months ended in Sep. 2022 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.048	/	0.087
	=	0.55

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.

Gaia Grow Cost of Goods Sold Related Terms

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