Altria Group (Altria Group) Cost of Goods Sold

: $6,218 Mil (TTM As of Dec. 2023)

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Altria Group's cost of goods sold for the three months ended in Dec. 2023 was $1,525 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $6,218 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Altria Group's Gross Margin % for the three months ended in Dec. 2023 was 69.65%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Altria Group's Inventory Turnover for the three months ended in Dec. 2023 was 1.28.

Altria Group Cost of Goods Sold Historical Data

The historical data trend for Altria Group'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.

* Premium members only.

Altria Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

7,085.00

7,818.00

7,119.00

6,442.00

6,218.00

Altria Group 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																1,573.00	1,434.00	1,681.00	1,578.00	1,525.00

Altria Group 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 $6,218 Mil.

Altria Group (NYSE:MO) Cost of Goods Sold Explanation

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

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

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(5024	-	1525)	/	5024
	=	69.65 %

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:

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1525	/	1194.5
	=	1.28

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.

Altria Group Cost of Goods Sold Related Terms

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Altria Group (Altria Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Altria Group Inc (NYSE:MO) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

MO:Mexico 1MO:Italy PHM7d:UK 0R31:UK PHM7:Germany PHM7:Germany PHM7:Germany PHM7:Germany MO:Chile MOOO34:Brazil ALTR:Austria MO:Argentina

Address

6601 West Broad Street, Richmond, VA, USA, 23230

Website

https://www.altria.com

Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations and Helix Innovations. It holds a 10% interest in the world's largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the U.S. with a 42% annual share in 2022. Altria holds a 42% stake in cannabis manufacturer Cronos, has acquired Njoy Holdings in 2023, and recently exited its strategic investment in Juul Labs.

Executives

Clarke Ian L.t.	director	6601 W BROAD ST, RICHMOND VA 23230
Robert Matthew Davis	director	6601 W. BROAD STREET, RICHMOND VA 23230
Jacinto J Hernandez	director	777 HIDDEN RIDGE, IRVING TX 75038
Mario Max Yzaguirre	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Marjorie Mary Connelly	director	2580 PALMER DR, KESWICK VA 22947
Ellen R Strahlman	director	ALTRIA GROUP, INC., 6601 W. BROAD STREET, RICHMOND VA 23230
Nabil Y Sakkab	director	6601 WEST BROAD STREET, RICHMOND VA 23230
Virginia E Shanks	director	4170 CAUGHLIN PARKWAY, RENO NV 89519
Casteen John T Iii	director	301 S. COLLEGE STREET, 30TH FLOOR, NC0630, CHARLOTTE NC 28288-0630
Kathryn B. Mcquade	director	6601 WEST BROAD STREET, RICHMOND VA 23230
Kiely W Leo Iii	director
Mark Newman	director	1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Kelly Ennis Debra J	director	4405 A INTERNATIONAL BLVD, NORCROSS GA 30093
Surgner W Hildebrandt Jr	officer: VP, Corp. Sec'y & Assoc. GC	6601 WEST BROAD STREET, RICHMOND VA 23230
Daniel J Bryant	officer: Vice President & Treasurer	6601 WEST BROAD STREET, RICHMOND VA 23230