Willamette Valley Vineyards (Willamette Valley Vineyards) Cost of Goods Sold

: $16.58 Mil (TTM As of Dec. 2023)

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Willamette Valley Vineyards's cost of goods sold for the three months ended in Dec. 2023 was $4.61 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $16.58 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Willamette Valley Vineyards's Gross Margin % for the three months ended in Dec. 2023 was 57.14%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Willamette Valley Vineyards's Inventory Turnover for the three months ended in Dec. 2023 was 0.17.

Willamette Valley Vineyards Cost of Goods Sold Historical Data

The historical data trend for Willamette Valley Vineyards'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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Willamette Valley Vineyards Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

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9.45

10.59

13.12

15.12

16.58

Willamette Valley Vineyards 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															5.02	3.83	4.48	3.66	4.61

Willamette Valley Vineyards 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 $16.58 Mil.

Willamette Valley Vineyards (NAS:WVVI) Cost of Goods Sold Explanation

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

Willamette Valley Vineyards's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(10.753	-	4.609)	/	10.753
	=	57.14 %

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:

Willamette Valley Vineyards's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.609	/	27.1905
	=	0.17

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.

Willamette Valley Vineyards Cost of Goods Sold Related Terms

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Willamette Valley Vineyards (Willamette Valley Vineyards) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Willamette Valley Vineyards Inc (NAS:WVVI) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

WVVIP.PFD:USA

Address

8800 Enchanted Way, South East, Turner, OR, USA, 97392

Website

https://www.wvv.com

Willamette Valley Vineyards Inc produces and sells premium, super-premium, and ultra-premium wines. The grapes are harvested, fermented, and made into wine at the company's Turner winery, and the wines are sold principally under its Willamette Valley Vineyards label and also under the Griffin Creek, Tualatin Estate, Pambrun, Maison Bleue, Natoma, Metis, and Elton labels. It operates under two operating segments, direct sales and distributor sales. Direct sales include retail sales in its tasting room and remote sites, wine club sales, online sales, on-site events, kitchen and catering sales, and other sales made directly to the consumer without the use of an intermediary. Distributor sales include all sales through a third party where prices are given at a wholesale rate.

Executives

James W Bernau	director, 10 percent owner, officer: Chief Executive Officer	2545 CLOVERDALE RD SE, TURNER OR 97392
Sarah Alice Rose	director	6821 50TH AVE NE, SEATTLE WA 98115
Day Cara Pepper	director	1088 SW PRESTWICK CT., WILSONVILLE OR 97070
Stanley G Turel	director	604 SE 121ST AVE, C/O ARBOR PARK OFFICE, VANCOUVER WA 98683
John Alphonsus Ferry	officer: CFO	15830 FOREST RIDGE LANE NE, SILVERTON OR 97381
Leslie J Copland	director	2350 NW SAVIER STREET, UNIT 406, PORTLAND OR 97210
Goward Richard F. Jr.	officer: CFO	2623 ABBEY LN. SE, SALEM OR 97317
Heather Westing	director	25030 SW PARKWAY AVE, SUITE 300, WILSONVILLE OR 97070
James L Ellis	director	7850 SE KING ROAD, MILWAUKIE OR 97222
Craig Alan Smith	director	367 SANRODEE DR. SE, SALEM OR 97317
Jonathan J Ricci	director	C/O JONES SODA CO., 234 9TH AVE. N., SEATTLE WA 98109
O Brien Betty M	director	22500 INGRAM LANE NW, SALEM OR 97304
Christopher L Sarles	director	2185 SW WINCHESTER, PORTLAND OR 97225-4457
Chris Riccardi	10 percent owner	15 STEDMAN WAY, LOUDONVILLE NY 12211
Delna L. Jones	director	39692 CAMINO TEMPLADO, INDIO CA 92203