TAP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
TAP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Molson Coors Beverage Co's cost of goods sold for the three months ended in Dec. 2023 was $1,758 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $7,333 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Molson Coors Beverage Co's Gross Margin % for the three months ended in Dec. 2023 was 37.01%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Molson Coors Beverage Co's Inventory Turnover for the three months ended in Dec. 2023 was 2.12.
The historical data trend for Molson Coors Beverage Co'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.
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 $7,333 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.
Molson Coors Beverage Co (NYSE:TAP) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Molson Coors Beverage Co's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (2790.8 | - | 1757.8) | / | 2790.8 | |
= | 37.01 % |
* 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:
Molson Coors Beverage Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 1757.8 | / | 827.45 | |
= | 2.12 |
* 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 Molson Coors Beverage Co's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Winnefeld James A Jr | director | 870 WINTER STREET, WALTHAM MA 02451 |
Natalie G. Maciolek | officer: Chief Legal & Govt Affairs Off | 3939 W HIGHLAND BLVD, MILWAUKEE WI 53208 |
Geoffrey E. Molson | director | 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202 |
Williams Leroy James Jr | director | 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021-2510 |
Anne-marie W D'angelo | officer: Chief Legal & Govt Affairs Off | 801 E. 86TH AVENUE, MERRILLVILLE IN 46410 |
Louis Vachon | director | 1155 METCALFE STREET, MONTREAL QUEBEC CANADA E6 0000 |
Julia M Brown | director | C/O ABLE BRANDS CO., 30 HUDSON YARDS, NEW YORK NY 10001 |
Simon Cox | officer: Pres&CEO, Molson Coors Europe | 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202 |
Roxanne Stelter | officer: VP,Controller & Chf Acct Off | 3939 W HIGHLAND BLVD, MILWAUKEE WI 53208 |
Andrew Thomas Molson | director | 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202 |
David S. Coors | director | P.O. BOX 4030, NH353, GOLDEN CO 80401 |
Nessa O'sullivan | director | P.O. BOX 4030, NH353, GOLDEN CO 80401 |
Peter H Coors | director, other: Chairman of the Board | 1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202 |
Peter John Marino | officer: President of Emerging Growth | 250 SOUTH WACKER DRIVE, CHICAGO IL 60606 |
Jacques Michelle St. | officer: Chief Marketing Officer | 250 SOUTH WACKER DRIVE, CHICAGO IL 60606 |
From GuruFocus
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
By GuruFocus Research • 01-23-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.