Rautaruukki Oyj (OHEL:RTRKS) Cost of Goods Sold : €2,153 Mil (TTM As of Sep. 2014)

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What is Rautaruukki Oyj Cost of Goods Sold?

Rautaruukki Oyj's cost of goods sold for the three months ended in Sep. 2014 was €530 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2014 was €2,153 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Rautaruukki Oyj's Gross Margin % for the three months ended in Sep. 2014 was 8.78%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Rautaruukki Oyj's Inventory Turnover for the three months ended in Sep. 2014 was 1.03.

Rautaruukki Oyj Cost of Goods Sold Historical Data

The historical data trend for Rautaruukki Oyj'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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Rautaruukki Oyj Cost of Goods Sold Chart

Rautaruukki Oyj Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Cost of Goods Sold

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2,027.00

2,186.00

2,533.00

2,656.00

2,174.00

Rautaruukki Oyj Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Cost of Goods Sold	Get a 7-Day Free Trial															538.00	540.00	528.00	555.00	530.00

Rautaruukki Oyj 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,153 Mil.

Rautaruukki Oyj (OHEL:RTRKS) Cost of Goods Sold Explanation

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

Rautaruukki Oyj's Gross Margin % for the three months ended in Sep. 2014 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(581	-	530)	/	581
	=	8.78 %

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:

Rautaruukki Oyj's Inventory Turnover for the three months ended in Sep. 2014 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	530	/	517
	=	1.03

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.

Rautaruukki Oyj Cost of Goods Sold Related Terms

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Rautaruukki Oyj (OHEL:RTRKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rautaruukki Oyj (OHEL:RTRKS) » Definitions » Cost of Goods Sold

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Address

Website

http://www.ruukki.com

Rautaruukki Oyj supplies metal-based components, systems and integrated systems to construction and the engineering industry. The company's operations are structured into three divisions: construction, engineering, and steel business. Its construction division supplies steel construction solutions for commercial and industrial construction, as well as for infrastructure foundation and transport infrastructure projects. The divisions' product portfolio includes building frames, wall and roofing products, integrated systems for single and multi-story construction, bridges, traffic noise barriers and highway guard rails, piles, retaining wall structures and foundations for harbor construction. Its customers include developers, designs and builders of commercial, industrial and office premises, logistics and sports complexes and infrastructure services as well as roofing suppliers. Its engineering division supplies systems and components to the engineering industry, such as cabins, booms, masts and frames for goods and container handling, the construction industry and mining and forestry, telescopic booms, frames and parts; windmill components and oil sumps. Main markets serve international European companies, specifically the lifting, handling, and transportation equipment industry, the energy industry, the marine and offshore industry and the paper and wood industry. The Metals division supplies steel products associated with prefabrication, logistics and storage services. The division's product portfolio consists of hot and cold-rolled steels, metal and color-coated steels, tubes and profiles and stainless steel and aluminum sold as trading products. Its customers include the transportation equipment, construction, engineering and electronics industries in Europe and Russia.

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