Bitech Technologies (Bitech Technologies) Cost of Goods Sold : $0.00 Mil (TTM As of Mar. 2024)

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What is Bitech Technologies Cost of Goods Sold?

Bitech Technologies's cost of goods sold for the three months ended in Mar. 2024 was $0.00 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Bitech Technologies's Gross Margin % for the three months ended in Mar. 2024 was %.

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

Bitech Technologies Cost of Goods Sold Historical Data

The historical data trend for Bitech Technologies'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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Bitech Technologies Cost of Goods Sold Chart

Bitech Technologies Annual Data

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Cost of Goods Sold

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0.12

Bitech Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cost of Goods Sold	Get a 7-Day Free Trial															-	-	-	-	-

Bitech Technologies 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Bitech Technologies (OTCPK:BTTC) Cost of Goods Sold Explanation

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

Bitech Technologies's Gross Margin % for the three months ended in Mar. 2024 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:

Bitech Technologies's Inventory Turnover for the three months ended in Mar. 2024 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.

Bitech Technologies Cost of Goods Sold Related Terms

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Bitech Technologies (Bitech Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitech Technologies Corp (OTCPK:BTTC) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

895 Dove Street, Suite 300, Newport Beach, CA, USA, 92660

Website

https://www.bitech.tech

Bitech Technologies Corp is a technology solution provider dedicated to providing a suite of green energy solutions with a focus on cryptocurrency mining, data centers, commercial and residential utility, electric vehicle, and other renewable energy initiatives.

Executives

Gregory Daniel Trimarche	director	535 ANTON BLVD,, SUITE 1000, COSTA MESA CA 92626
Benjamin B Tran	director, 10 percent owner, officer: Chief Executive Officer	49 MONTEREY PINE DR., NEWPORT COAST CA 92657
Michael Hanh Cao	director, 10 percent owner	7208 WEST SAND LAKE RD,, SUITE 305, ORLANDO FL 32819
Calvin Cao	10 percent owner	2203 N LOIS AVENUE 9TH FL, TAMPA FL 33607
Robert J Brilon	officer: Chief Financial Officer	1201 S. ALMA SCHOOL ROAD, SUITE 8500, MESA AZ 85210
William Donovan	director, 10 percent owner, officer: CEO	903 CREEKWOOD WAY, HOUSTON TX 77024
Jeffrey A Cronk	director	5225 KATY FREEWAY, SUITE 600, HOUSTON TX 77007
Lpd Investments, Ltd	10 percent owner	25025 I45 NORTH, THE WOODLANDS TX 77380
Peter L Dalrymple	director, 10 percent owner	13451 BELHAVEN DRIVE, HOUSTON TX 77069
John R Bergeron	director	7411 SONGWIND, SPING TX 77379
William A Lawrence	director	6 RILLWOOD PLACE, THE WOODLANDS TX 77382
Eric K Groteke	officer: CTO	2495 ENTERPRISE ROAD, SUITE 104, CLEARWATER FL 33763
Jerry W. Bratton	director	P.O. BOX 541716, DALLAS TX 75354
Franklin Arthur Rose	director	1121-16 UPTOWN PARK BLVD, HOUSTON TX 77056
John A. Talamas	other: Former COO	54 HILLOCK WOODS DRIVE, THE WOODLANDS TX 77380