I need a general statistic on what it the typical Cost of goods sold for online...

I need a general statistic on what it the typical Cost of goods sold for online retail (example-rent the runway, Le Tote etc.) I can't find a stat. to help me estimate a number thank you.

Solutions

Expert Solution

One site i have found which shows the trend of gross margins in the industry as 42.08% in Q2-2018. (gross margin is same as cogs % of sales)

https://csimarket.com/Industry/industry_Profitability_Ratios.php?ind=1302

NYU Stern has estimated cogs margins to be 43.76% with 61 online retailer firms in sample.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html

Otherwise, what you can do is take a sample of online players who are listed and have reported their cost of goods sold in their profit and loss statement in their annual reports (10-k filings)

Some listed companies and their reported numbers -

Examples of cogs numbers -

1. Overstock - 80.48% of sales in 2017

page 58, http://www.annualreports.com/HostedData/AnnualReports/PDF/NASDAQ_OSTK_2017.pdf

2. Vipshop - 76% of sales in 2017

page 3, http://media.corporate-ir.net/media_files/IROL/25/250900/Vipshop-2017-20-F-As-filed.pdf

3. LightInTheBox - 66.98% of sales in 2017

page 1, http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjkxMDI3fENoaWxkSUQ9NDAxNzgwfFR5cGU9MQ==&t=1

4. Land's End - 57.5% of sales in 2017

page 38, http://investors.landsend.com/static-files/93cfb44b-3070-4099-bac4-29f5a8e544cd

5. Amazon - 57.9% of sales in 2018

https://csimarket.com/stocks/income.php?code=AMZN

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

i. if the typical market basket of goods and services cost $400 in 1995, and the...

i. if the typical market basket of goods and services cost $400 in 1995, and the price index (base year 1992 )for 1995 is 120, then if this same typical bundle cost $420 in 1996, the price index in 1996 would be: a.120 b.between 120 and 125 c.125 d.above 125 ii.supposez the non-institutionalized population over age 15 is 20 million, 10 million of whome are female, the labour force is 16 million, 6 million of whome are female, and the...

When the merchandise is sold by the company, what is the cost of goods sold?

Use the following information on the U.S. dollar value of the euro.Spot RateForward Rate forApril 30, 2021 DeliveryOctober 30, 2020$ 1.250$ 1.254December 31, 20201.2581.256April 30, 20211.2601.260On October 30, 2020, a U.S. company forecasts that it will purchase merchandise from an Italian supplier at the end of April 2021, in the amount of €100,000, and will pay the supplier on delivery. On October 30, the company enters a forward contract to buy €100,000 on April 30, 2021 and classifies it as...

Cost of goods sold:

ABC Corporation reported the following data for the month of January: Inventories: Beginning Ending Raw materials 46,000 34,000 Work in process 31,000 29,000 Finished goods 27,000 55,000 Additional information: Raw materials purchases 79,000 Direct labor cost 93,000 Manufacturing overhead cost incurred 54,000 Indirect materials included in manufacturing overhead cost incurred 8,000 Manufacturing overhead cost applied to Work in Process 57,000 Calculate cost of goods sold during the month of January?

In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of...

In the Schedule of Cost of Goods Manufactured and Cost of Goods Sold, the cost of goods manufactured is computed according to which of the following equations? Multiple Choice Cost of goods manufactured = Total manufacturing costs + Beginning finished goods inventory – Ending finished goods inventory Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory – Ending work in process inventory Cost of goods manufactured = Total manufacturing costs + Ending work in process...

For Absorption Costing, I will calculate the Cost of Goods Sold by multiplying the Sales and...

For Absorption Costing, I will calculate the Cost of Goods Sold by multiplying the Sales and (Fixed Manufacturing cost per unit + Variable Manufacturing Cost per unit). The reconciliation should be done using this formula: Net Income (Absorption Costing) - Net Income (Variable Costing) = Fixed Overhead in ending balance - Fixed Overhead in opening balance. Thank you. Medina Corp produces bicycle helmets. Each helmet is sold for $100. Planned and actual production was the same for May and June....

1. To adjust a company’s LIFO cost of goods sold to FIFO cost of goods sold...

1. To adjust a company’s LIFO cost of goods sold to FIFO cost of goods sold the ending LIFO reserve is added to LIFO cost of goods sold. the ending LIFO reserve is subtracted from LIFO cost of goods sold. an increase in the LIFO reserve is subtracted from LIFO cost of goods sold. a decrease in the LIFO reserve is subtracted from LIFO cost of goods sold. 2. All of the following statements are true regarding the LIFO reserve...

MECCS Inc. has sales of $730000, cost of goods sold of $310000and general and administrative...

MECCS Inc. has sales of $730000, cost of goods sold of $310000 and general and administrative expenses of $200000. Interest expense is $60000, dividends paid is $15000, and depreciation expense is $80000. The tax rate is 21 percent and there are 9400 shares of stock outstanding. what is the earnings per share?5.467.715.136.72

Cost of Goods Sold is calculated on the:

Question 11 2.5 pts Cost of Goods Sold is calculated on the: Income Statement. Statement of Owner's Equity. Post-Closing Trial Balance. Trial Balance. Question 12 2.5 pts The current balance of Allowance for Doubtful Accounts is considered when calculating the current period's Bad Debts Expense under the following approach: Direct write-off method Income statement approach All of these answers are correct. Balance sheet approach Question 13 2.5 pts Joe's Auto Repair estimates that approximately 3% of net credit...

I need to Prepare entries for a job order, cost system, and cost of goods manufactured...

I need to Prepare entries for a job order, cost system, and cost of goods manufactured schedule, but my numbers aren't matching up. Please answer both parts of the question. Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2017, the general ledger for Case Inc. contains the following data. P15-3A Prepare entries for a job order cost system and cost of...

Calculation of Cost of Goods Sold: Periodic Inventory System Prepare the cost of goods sold section...

Calculation of Cost of Goods Sold: Periodic Inventory System Prepare the cost of goods sold section for Adams Gift Shop. The following amounts are known: Beginning merchandise inventory $27,050 Ending merchandise inventory 22,550 Purchases 77,125 Purchases returns and allowances 4,055 Purchases discounts 5,745 Freight-in 230 Adams Gift Shop Cost of Goods Sold Cost of goods sold: $ $ $ $ $ Cost of goods sold $

Subjects