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Tennant Co's cost of goods sold for the three months ended in Dec. 2023 was $181 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $716 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Tennant Co's Gross Margin % for the three months ended in Dec. 2023 was 42%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Tennant Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.00.
The historical data trend for Tennant 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.
Tennant Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 675.90 | 593.20 | 652.80 | 671.30 | 715.80 |
Tennant Co 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 | Get a 7-Day Free Trial | 175.80 | 180.30 | 182.20 | 172.70 | 180.60 |
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 $716 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.
Tennant Co (NYSE:TNC) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Tennant Co's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (311.4 | - | 180.6) | / | 311.4 | |
= | 42 % |
* 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:
Tennant Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 180.6 | / | 180.25 | |
= | 1.00 |
* 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 Tennant Co's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Kristin A. Stokes | officer: Interim General Counsel | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Donal L Mulligan | director | ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426 |
Steven Alan Sonnenberg | director | EMERSON PROCESS MANAGEMENT - ROSEMOUNT, 8200 MARKET BOULEVARD, CHANHASSEN MN 55317 |
David W. Huml | officer: Sr. VP, Global Marketing | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Richard H. Zay | officer: Senior VP, The Americas | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Carol E. Mcknight | officer: Senior VP and CAO | 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Azita Arvani | director | 1522 LOMA DRIVE, HERMOSA BEACH CA 90254 |
Carol S Eicher | director | ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106 |
Andrew P. Hider | director | 10400 CLEAN STREET, EDEN PRARIE MN 55344 |
Chris Killingstad | director, officer: President and CEO | C/O TENNANT COMPANY, 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422 |
Fay West | officer: Senior VP, CFO | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Barb Balinski | officer: SVP, Innovation & Technology | 10400 CLEAN STREET, EDEN PRAIRIE MN 55344 |
Timothy R. Morse | director | C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089 |
David S Wichmann | director | BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752 |
Daniel E. Glusick | officer: SVP, Operations | 10400 CLEAN STREET, EDEN PRAIRIE MN 55344-2650 |
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