Business Pitch Dictionary by pitch.dog
Revenue, costs & profit · Core

Cost of goods sold

Also called: COGS, cost of sales

ELI5

Direct costs assigned to goods sold during a period.

Used in conversation

“How are we defining cost of goods sold in this deck?”

Pitch context

You will see “Cost of goods sold” in financial models, budgets, board packs and investor materials when the discussion reaches revenue, costs & profit.

Why it matters: In revenue, costs & profit, different calculation boundaries, periods or accounting treatments can change the number and the decision.

Caution

Calculation, recognition and disclosure can vary by accounting framework, company policy and reporting context.

Sources & evidence · 4

Direct term-level sources and supporting source families.