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Cheer Holding's cost of goods sold for the six months ended in Dec. 2023 was $22.6 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $39.5 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cheer Holding's Gross Margin % for the six months ended in Dec. 2023 was 73.37%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Cheer Holding'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.
Cheer Holding Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 31.90 | 38.48 | 34.94 | 40.58 | 39.55 |
Cheer Holding Semi-Annual Data | |||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 21.75 | 14.58 | 26.00 | 16.95 | 22.60 |
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 $39.5 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.
Cheer Holding (NAS:CHR) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Cheer Holding's Gross Margin % for the six months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (84.892 | - | 22.603) | / | 84.892 | |
= | 73.37 % |
* 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:
Cheer Holding's Inventory Turnover for the six months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 22.603 | / | 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 Cheer Holding's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Jia Lu | director, 10 percent owner | 22F, BLOCK B, XINHUA TECHNOLOGY TOWER, TUOFANGYING SOUTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100022 |
Ran Zhang | director | 22F, BLOCK B, XINHUA TECHNOLOGY TOWER, TUOFANGYING SOUTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100022 |
Bing Zhang | director, 10 percent owner, officer: Chief Executive Officer | 22F, BLOCK B, XINHUA TECH TOWER, TUOFANGYING SOUTH ROAD, JIUXIAMQIAO, CHAOYANG DISTRICT, BEIJING F4 100022 |
Shu Ming Leung | director | 22/F, BLOCK B, XINHUA TECHNOLOGY, NO. 8 TUOFANGYING ROAD, CHAOYANG DISTRICT, BEIJING F4 100022 |
Yong Li | director | 22/F, BLOCK B, XINHUA TECHNOLOGY, NO. 8 TUOFANGYING ROAD, CHAOYING DISTRICT, BEIJING F4 100022 |
Giant Fortune International Ltd | 10 percent owner | 510 KINGS ROAD, 10TH ISLAND PLACE TOWER, HONG KONG F4 999077 |
Sing Wang | director, 10 percent owner, officer: CEO | SUITE 1003-1004, 10/F, ICBC TOWER, THREE GARDEN ROAD, CENTRAL, HONG KONG F4 00000 |
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Ng Joanne Sin Ting | officer: Sr Dir of Business Development | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
Symphony Sponsor 1 Tkk | 10 percent owner | UNIT 1631, LEVEL 16, MAN YEE BUILDING, 6068 DES VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
Stephen Markscheid | director | C/O ENER-CORE, INC., 9400 TOLEDO WAY, IRVINE CA 92618 |
Zhe Zhang | director | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX RD CENTRAL, HONG KONG F4 518000 |
James Heimowitz | director | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
Ronald Issen | officer: Chief Investment Officer | UNIT 1631 LEVEL 16 MAN YEE BLDG, 60-68 DES VOEUX ROAD CENTRAL, HONG KONG F4 518000 |
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