Basin Energy (ASX:BSN) Cost of Goods Sold : A$0.00 Mil (TTM As of Dec. 2023)

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What is Basin Energy Cost of Goods Sold?

Basin Energy's cost of goods sold for the six months ended in Dec. 2023 was A$0.00 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.00 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Basin Energy's Gross Margin % for the six months ended in Dec. 2023 was %.

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

Basin Energy Cost of Goods Sold Historical Data

The historical data trend for Basin Energy'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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Basin Energy Cost of Goods Sold Chart

Basin Energy Annual Data

Trend

Jun22

Jun23

Cost of Goods Sold

Basin Energy Semi-Annual Data
	Dec22	Jun23	Dec23
Cost of Goods Sold	-	-	-

Basin Energy 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.

Basin Energy (ASX:BSN) Cost of Goods Sold Explanation

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

Basin Energy's Gross Margin % for the six months ended in Dec. 2023 is calculated as:

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

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:

Basin Energy's Inventory Turnover for the six months ended in Dec. 2023 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.

Basin Energy Cost of Goods Sold Related Terms

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Basin Energy (ASX:BSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Basin Energy Ltd (ASX:BSN) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ord Street, Level 1, West Perth, WA, AUS, 6005

Website

https://www.basinenergy.com.au

Basin Energy Ltd is an early-stage mineral exploration and development company focused on uranium projects located in Canada. The company holds interests in the Marshall, Geikie, and North Millennium Projects. Each of the Projects is a prospective uranium exploration project.