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GSE Systems's cost of goods sold for the three months ended in Jun. 2024 was $8.05 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2024 was $31.58 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. GSE Systems's Gross Margin % for the three months ended in Jun. 2024 was 31.33%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for GSE Systems'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.
GSE Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 62.68 | 42.84 | 43.33 | 35.82 | 33.11 |
GSE Systems Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 9.17 | 7.85 | 7.61 | 8.07 | 8.05 |
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 quarterly data reported by the company within the most recent 12 months, which was $31.58 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.
GSE Systems (NAS:GVP) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
GSE Systems's Gross Margin % for the three months ended in Jun. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (11.725 | - | 8.051) | / | 11.725 | |
= | 31.33 % |
* 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:
GSE Systems's Inventory Turnover for the three months ended in Jun. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 8.051 | / | 0 | |
= | N/A |
* 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.
Thank you for viewing the detailed overview of GSE Systems's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Dougherty Iii Thomas James | director | GSE SYSTEMS, INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046 |
Kathryn O'connor | director | GSE SYSTEMS, INC, 1332 LONDONTOWN BLVD SUITE 200, SYKESVILLE MD 21784 |
Corey William S. Jr. | director | C/O STEWART INFORMATION SERVICES CORP., 1360 POST OAK BLVD., SUITE 100 MC-14-1, HOUSTON TX 77056 |
Bahram Meyssami | officer: Chief Technology Officer | C/O GSE SYSTEMS, INC., 1332 LON, SYKESVILLE MD 21784 |
Emmett Anthony Pepe | officer: Chief Financial Officer | 1515 JUDD COURT, HERNDON VA 20170 |
Donald Horn | officer: President, GSE Engineering | GSE SYSTEMS INC, 6940 COLUMBIA GATEWAY DRIVE, SUITE 470, COLUMBIA MD 21046-3308 |
Daniel Warren Pugh | officer: Chief Legal and Risk Officer | C/O GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD., SYKESVILLE MD 21784 |
Ravi Khanna | officer: SVP Professional Services | GSE SYSTEMS, INC., 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784 |
Kyle Justin Loudermilk | director, officer: President & CEO | 3525 WOODBINE STREET, CHEVY CHASE MD 20815 |
Brian Greene | officer: VP, GSE Workforce Solutions | GSE SYSTEMS INC, 1332 LONDONTOWN BLVD, SYKESVILLE MD 21784 |
Ngp Energy Technology Partners Ii, L.p. | 10 percent owner | 1700 K STREET N.W., SUITE 750, WASHINGTON DC 20006 |
Energy Technology Partners, L.l.c. | 10 percent owner | 1700 K STREET NW, SUITE 750, WASHINGTON DC 20006 |
Philip J Deutch | 10 percent owner | PERSEUS 2000 LLC, 2099 PENNSYLVANIA AVUE NW STE 900, WASHINGTON DC 20006 |
Suresh Sundaram | director | C/O EXA CORPORATION, 55 NETWORK DRIVE, BURLINGTON MA 01803 |
Polar Asset Management Partners Inc. | 10 percent owner | 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6 |
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