Cost of Sales is a financial metric that calculates the sum of all costs incurred in the production or sale of goods or services. This metric helps businesses understand their overall expenses and monitor changes in their cost structure over time. By tracking this metric, businesses can identify areas where costs can be reduced or optimized, and make informed decisions about their pricing, production, and sales strategies.
With Databox you can track all your metrics from various data sources in one place.
Used to show a simple Metric or to draw attention to one key number.
Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.
To track Cost of Sales using Databox, follow these steps:
Operating Expenses by Subtype is a financial metric that categorizes operating expenses by subtype, allowing businesses to track and analyze their expenses by type. This metric helps businesses identify areas where costs can be reduced or optimized, and can be used to create budgets and forecasts.
Gross Profit (Budget) is a financial metric that tracks the amount of revenue a company generates after deducting the cost of goods sold. It helps businesses assess their profitability by comparing the budgeted gross profit to actual results.
The Opening Cash Balance metric is the amount of funds or value that a business has at the beginning of a financial period, which is carried over from the previous period or from the initial investment.
The Non-current Liabilities by Liability metric is a ratio that compares a company's short-term assets that aren't liabilities to its short-term liabilities.
The Draft Invoices metric in Xero refers to the number of invoices that have been created but not yet finalized. It measures the efficiency of the invoicing process and helps ensure that all invoices are accurately and promptly sent to clients for payment.
The Outstanding Payments by Contact metric in Xero shows the total amount of unpaid invoices and bills for each contact or customer, which can help businesses manage their cash flow and prioritize collection efforts.
Accounts Payable Turnover is a metric that measures how quickly a company pays its suppliers. It's calculated by dividing the cost of sales by the average accounts payable.
Cost of Sales by Subtype is a financial metric that categorizes costs incurred in the production or sale of goods or services by subtype. This metric helps businesses identify areas where costs can be reduced or optimized, and can be used to create budgets and forecasts.