Discontinued — last reported Q1 '23
Product — Cost of revenue
Intuit Product — Cost of revenue decreased by 26.1% to $17.00M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 5.6%, from $18.00M to $17.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in this metric relative to revenue may indicate rising production costs or supply chain inefficiencies, while a decrease suggests improved manufacturing margins or economies of scale.
Detailed definition
This metric represents the direct costs associated with producing and delivering physical or digital products within a s...
Peer comparison
Comparable to Cost of Goods Sold (COGS) for hardware or physical product divisions in technology and software companies, typically benchmarked against gross margin percentages.
intu_segment_product_cost_of_revenueHistorical Data
| Q1 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $16.00M | $15.00M | $20.00M | $18.00M | $15.00M | $23.00M | $17.00M |
| QoQ Change | — | -6.3% | +33.3% | -10.0% | -16.7% | +53.3% | -26.1% |
| YoY Change | — | — | — | +12.5% | +0.0% | +15.0% | -5.6% |
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Frequently Asked Questions
- What is Intuit's product — cost of revenue?
- Intuit (INTU) reported product — cost of revenue of $17.00M in Q1 2023.
- How has Intuit's product — cost of revenue changed year-over-year?
- Intuit's product — cost of revenue decreased by 5.6% year-over-year, from $18.00M to $17.00M.
- What does product — cost of revenue mean?
- The direct costs incurred to manufacture and deliver products to customers.