Glen Rose Petroleum (Glen Rose Petroleum) Cost of Goods Sold : $0.85 Mil (TTM As of Dec. 2011)

View and export this data going back to 2010. Start your Free Trial

What is Glen Rose Petroleum Cost of Goods Sold?

Glen Rose Petroleum's cost of goods sold for the three months ended in Dec. 2011 was $0.29 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2011 was $0.85 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Glen Rose Petroleum's Gross Margin % for the three months ended in Dec. 2011 was 36.17%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Glen Rose Petroleum's Inventory Turnover for the three months ended in Dec. 2011 was 5.01.

Glen Rose Petroleum Cost of Goods Sold Historical Data

The historical data trend for Glen Rose Petroleum'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.

Glen Rose Petroleum Cost of Goods Sold Chart

Glen Rose Petroleum Annual Data

Trend

Mar02

Mar03

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Cost of Goods Sold

Get a 7-Day Free Trial

1.32

0.07

0.09

0.12

0.97

Glen Rose Petroleum Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Cost of Goods Sold	Get a 7-Day Free Trial															0.33	0.25	0.23	0.08	0.29

Glen Rose Petroleum 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 Dec. 2011 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.85 Mil.

Glen Rose Petroleum (GREY:GLRP) Cost of Goods Sold Explanation

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

Glen Rose Petroleum's Gross Margin % for the three months ended in Dec. 2011 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(0.459	-	0.293)	/	0.459
	=	36.17 %

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:

Glen Rose Petroleum's Inventory Turnover for the three months ended in Dec. 2011 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.293	/	0.0585
	=	5.01

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.

Glen Rose Petroleum Cost of Goods Sold Related Terms

Thank you for viewing the detailed overview of Glen Rose Petroleum's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.