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Ribbon Communications (Ribbon Communications) Cost of Goods Sold : $401.2 Mil (TTM As of Mar. 2024)


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What is Ribbon Communications Cost of Goods Sold?

Ribbon Communications's cost of goods sold for the three months ended in Mar. 2024 was $87.7 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $401.2 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ribbon Communications's Gross Margin % for the three months ended in Mar. 2024 was 51.18%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Ribbon Communications's Inventory Turnover for the three months ended in Mar. 2024 was 1.11.


Ribbon Communications Cost of Goods Sold Historical Data

The historical data trend for Ribbon Communications'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.

Ribbon Communications Cost of Goods Sold Chart

Ribbon Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cost of Goods Sold
Get a 7-Day Free Trial Premium Member Only Premium Member Only 246.03 392.98 400.30 418.82 418.26

Ribbon Communications 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 104.76 109.15 99.66 104.69 87.71

Ribbon Communications 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 $401.2 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.


Ribbon Communications  (NAS:RBBN) Cost of Goods Sold Explanation

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

Ribbon Communications's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(179.664 - 87.709) / 179.664
=51.18 %

* 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:

Ribbon Communications's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:

* 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.


Ribbon Communications Cost of Goods Sold Related Terms

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Ribbon Communications (Ribbon Communications) Business Description

Traded in Other Exchanges
Address
6500 Chase Oaks Boulevard, Suite 100, Plano, TX, USA, 75023
Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. Its solutions enable its customers with a secure way to connect and leverage multivendor, multiprotocol communications systems and applications across their networks and the cloud, around the world and in a rapidly changing ecosystem of IP-enabled devices such as smartphones and tablets.
Executives
Miguel A Lopez officer: EVP, CFO HARRIS CORPORATION, 1025 W NASA BOULEVARD, MELBOURNE FL 32919
Bruce William Mcclelland director, officer: President & CEO 3871 LAKEFIELD DRIVE, SUWANEE GA 30024
Dan Redington officer: EVP of Global Sales 6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Scott Mair director 6500 CHASE OAKS BOULEVARD, SUITE 100, PLANO TX 75023
Swarth Investments Inc. 10 percent owner NEWPORT HOUSE, 15 THE GRANGE, ST PETER PORT Y7 GY1 4LA
Jpmorgan Chase & Co 10 percent owner 383 MADISON AVENUE, NEW YORK NY 10017
Sam Bucci officer: EVP & GM IP Optical Networks 3605 E PLANO PARKWAY, PLANO TX 75074
Bruns H Grayson director 950 WINTER STREET, WALTHAM MA 02451
Stephen J. Mccaffery officer: EVP EMEAS and APAC Sales VICTORIA ROAD, WEST YORKSHIRE, SALTAIRE X0 BD183LF
Eric S Marmurek officer: SVP, Finance & CAO C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Patrick W Macken officer: EVP, Chief Legal Officer 4515 THREE CHIMNEYS LANE, CUMMING GA 30041
Beatriz V Infante director 4 TECHNOLOGY PARK DRIVE, SONUS NETWORKS, INC., WESTFORD MA 01886
Ewing R Stewart Jr director 100 CENTURETEL DRIVE, MONROE LA 71203
Steven M Bruny officer: EVP Sales, Americas C/O 4 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886
Shaul Shani director 4001 WEST PKWY, C/O SAPIENS USA INC, CURRY NC 27519