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Rite Aid's cost of goods sold for the three months ended in Aug. 2023 was $4,550 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Aug. 2023 was $18,749 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Rite Aid's Gross Margin % for the three months ended in Aug. 2023 was 19.4%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Rite Aid's Inventory Turnover for the three months ended in Aug. 2023 was 2.31.
The historical data trend for Rite Aid'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.
Rite Aid Annual Data | |||||||||||||||||||||
Trend | Feb14 | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 16,963.21 | 17,201.64 | 19,338.92 | 19,461.76 | 19,287.96 |
Rite Aid Quarterly Data | ||||||||||||||||||||
Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 4,746.57 | 4,879.59 | 4,843.94 | 4,474.64 | 4,550.49 |
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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $18,749 Mil.
* 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.
Rite Aid (OTCPK:RADCQ) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Rite Aid's Gross Margin % for the three months ended in Aug. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (5646.081 | - | 4550.485) | / | 5646.081 | |
= | 19.4 % |
* 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.
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:
Rite Aid's Inventory Turnover for the three months ended in Aug. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 4550.485 | / | 1972.143 | |
= | 2.31 |
* 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.
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.
Thank you for viewing the detailed overview of Rite Aid's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher W. Dupaul | officer: Chief Operating Officer | 1200 INTREPID AVENUE, 2ND FLOOR, PHILADELPHIA PA 19112 |
Sabatino Thomas J Jr | officer: Chief Legal Officer | C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015 |
Steven Bixler | officer: Chief Accounting Officer | C/O RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
Heyward R Donigan | officer: Chief Executive Officer | 452 DISCOVERY ROAD, VIRGINIA BEACH VA 23451 |
Jocelyn Z Konrad | officer: Executive VP | RITE AID CORPORATION, 30 HUNTER LANE, CAMP HILL PA 17011 |
Ray Smithberger | officer: SVP, Operations | 30 HUNTER LANE, CAMP HILL PA 17011 |
Bari A Harlam | director | C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003 |
Paul D Gilbert | officer: EVP, Secretary&General Counsel | 103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027 |
Andre Persaud | officer: EVP, Retail | 30 HUNTER LANE, CAMP HILL PA 17011 |
Dan Robson | officer: President, EnvisionRXOptions | 30 HUNTER LANE, CAMP HILL PA 17011 |
James J Peters | officer: Chief Operating Officer | C/O NXSTAGE MEDICAL, INC., 350 MERRIMACK STREET, LAWRENCE MA 01843 |
James J Comitale | officer: EVP, General Counsel, Secy. | 30 HUNTER LANE, CAMP HILL PA 17011 |
Jessica Kazmaier | officer: EVP, Chief HR Officer | 30 HUNTER LANE, CAMP HILL PA 17011 |
Justin L. Mennen | officer: EVP, Chief Information Officer | 30 HUNTER LANE, CAMP HILL PA 17011 |
Katherine B Quinn | director | US BANCORP, 800 NICOLLET MALL, MINNEAPOLIS MN 55402 |
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