Steelcase (Steelcase) Cost of Goods Sold

: $2,147 Mil (TTM As of Feb. 2024)

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Steelcase's cost of goods sold for the three months ended in Feb. 2024 was $533 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Feb. 2024 was $2,147 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Steelcase's Gross Margin % for the three months ended in Feb. 2024 was 31.23%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Steelcase's Inventory Turnover for the three months ended in Feb. 2024 was 2.17.

Steelcase Cost of Goods Sold Historical Data

The historical data trend for Steelcase'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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Steelcase Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cost of Goods Sold

2,508.50

1,833.40

2,011.20

2,313.20

2,147.20

Steelcase Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cost of Goods Sold																562.50	517.30	571.20	525.60	533.10

Steelcase 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,147 Mil.

Steelcase (NYSE:SCS) Cost of Goods Sold Explanation

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

Steelcase's Gross Margin % for the three months ended in Feb. 2024 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(775.2	-	533.1)	/	775.2
	=	31.23 %

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:

Steelcase's Inventory Turnover for the three months ended in Feb. 2024 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	533.1	/	245.4
	=	2.17

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.

Steelcase Cost of Goods Sold Related Terms

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Steelcase (Steelcase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Steelcase Inc (NYSE:SCS) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

GJB:Germany GJB:Germany

Address

901 44th Street SE, Grand Rapids, MI, USA, 49508

Website

https://www.steelcase.com

Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.

Executives

Nicole Cherie Mcgrath	officer: VP, Corp Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Robert G Krestakos	officer: VP, Global Operations	901 44TH STREET SE, GRAND RAPIDS MI 49508
David C Sylvester	officer: Senior Vice President, CFO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Lizbeth S O'shaughnessy	officer: Senior VP, CLO and Secretary	901 44TH STREET SE, GRAND RAPIDS MI 49508
Wege Peter M Ii	director	901 44TH ST SE, GRAND RAPIDS MI 49508
Sanjay Gupta	director	2775 SANDERS ROAD, NORTHBROOK IL 60062
Sara E Armbruster	officer: VP, WS Futures & Corp Strategy	901 44TH STREET SE, GRAND RAPIDS MI 49508
Jennifer C Niemann	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Steven Douglas Miller	officer: VP, Chief Technology Officer	901 44TH STREET SE, GRAND RAPIDS MI 49508
Guillaume M Alvarez	officer: Senior VP, EMEA	901 44TH STREET SE, GRAND RAPIDS MI 49508
Kate P Wolters	director	901 44TH ST, GRAND RAPIDS MI 49508
Robin L Zondervan	officer: Corporate Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508
Eddy F Schmitt	officer: Senior VP, Americas	901 44TH STREET SE, GRAND RAPIDS MI 49508
Linda K Williams	director	901 44TH STREET SE, GRAND RAPIDS MI 49508
Donna K Flynn	officer: VP, Global Talent Management	901 44TH STREET SE, GRAND RAPIDS MI 49508