Ingles Markets (Ingles Markets) Cost of Goods Sold

: $4,498 Mil (TTM As of Dec. 2023)

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Ingles Markets's cost of goods sold for the three months ended in Dec. 2023 was $1,132 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $4,498 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ingles Markets's Gross Margin % for the three months ended in Dec. 2023 was 23.55%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Ingles Markets's Inventory Turnover for the three months ended in Dec. 2023 was 2.28.

Ingles Markets Cost of Goods Sold Historical Data

The historical data trend for Ingles Markets'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.

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Ingles Markets Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cost of Goods Sold

3,180.03

3,412.36

3,684.49

4,263.07

4,487.87

Ingles Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cost of Goods Sold																1,122.16	1,054.66	1,095.77	1,215.28	1,132.26

Ingles Markets 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,498 Mil.

Ingles Markets (NAS:IMKTA) Cost of Goods Sold Explanation

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

Ingles Markets's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(1481.062	-	1132.261)	/	1481.062
	=	23.55 %

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:

Ingles Markets's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1132.261	/	497.4535
	=	2.28

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.

Ingles Markets Cost of Goods Sold Related Terms

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Ingles Markets (Ingles Markets) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ingles Markets Inc (NAS:IMKTA) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

IN3A:Germany

Address

2913 U.S. Highway 70 West, Black Mountain, NC, USA, 28711

Website

https://www.ingles-markets.com

Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.

Executives

Sharp Laura Ingle	director	2913 U.S. HWY. 70 WEST, BLACK MOUNTAIN NC 28711
Michael David Hogan	officer: President of Subsidiary Milkco	C/O INGLES MARKETS, INCORPORATED, P.O. BOX 6676, ASHEVILLE NC 28816
Patricia Jackson	officer: CFO	P.O. BOX 6676, ASHEVILLE NC 28816
James W Lanning	director, officer: President, other: Profit Sharing Plan Trustee
John R Lowden	director	140 GREENWICH AVE, GREENWICH CT 06830
Ernest E. Ferguson	director	P.O. BOX 6676, ASHEVILLE NC 28816
Fred Ayers	director	2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Brenda S Tudor	director, officer: VP Finance, Treasurer, CFO
L. Keith Collins	director	P.O. BOX 6676, ASHEVILLE NC 28816
Laura Anne Laxton Ingle 2011 Irrevocable Trust Dated September 8, 2011	10 percent owner	P.O. BOX 6676, ASHEVILLE NC 28816
Robert Ingle, Sr. Administrative Trust Uta Robert Pierce Ingle Living Trust Dated December 24, 2010	10 percent owner	2913 US HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Robert P Ingle	director, officer: Chairman and CEO, other: Profit Sharing Plan Trustee
Ingles Markets Inc Investment/profit Sharing Plan Trust	10 percent owner
Ronald B Freeman	director, officer: Chief Financial Officer, other: Profit Sharing Plan Trustee	P.O. BOX 6676, ASHEVILLE NC 28816
Ingle Robert P Ii	director, officer: VP - Operations	PO BOX 6676, ASHEVILLE NC 28816