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CVR Partners LP's cost of goods sold for the three months ended in Dec. 2023 was $117.2 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $449.0 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CVR Partners LP's Gross Margin % for the three months ended in Dec. 2023 was 17.26%.
Cost of Goods Sold is also directly linked to Inventory Turnover. CVR Partners LP's Inventory Turnover for the three months ended in Dec. 2023 was 1.64.
The historical data trend for CVR Partners LP'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.
CVR Partners LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 347.57 | 325.11 | 370.54 | 483.22 | 449.01 |
CVR Partners LP 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 | 101.91 | 109.33 | 108.92 | 113.58 | 117.18 |
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 $449.0 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.
CVR Partners LP (NYSE:UAN) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
CVR Partners LP's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (141.619 | - | 117.175) | / | 141.619 | |
= | 17.26 % |
* 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:
CVR Partners LP's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 117.175 | / | 71.5795 | |
= | 1.64 |
* 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 CVR Partners LP's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Jordan Bleznick | director | C/O ENZON PHANNACEUTICALS, INC., 120 COMMERCE DRIVE (SUITE 135), CRANFORD NJ 07016 |
Mark A Pytosh | director | C/O CVR PARTNERS, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Melissa M Buhrig | officer: EVP, General Counsel & Sec. | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Dane J. Neumann | officer: Interim CFO, VP-Fin.&Treasurer | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Jeffrey D. Conaway | officer: VP, CAO & Corp. Controller | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
David Willetts | director | 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160 |
Kapiljeet Dargan | director | 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160 |
Patricia A. Agnello | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Donna R Ecton | director | C/O BODY CENTRAL CORP., 6225 POWERS AVENUE, JACKSONVILLE FL 32217 |
Hunter Clark Gary | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Matthew W. Bley | officer: CAO and Corp. Controller | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Tracy Dawn Jackson | officer: EVP and CFO | 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259 |
Janice T Develasco | officer: VP-Env., Health, Safety & Sec. | 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Blackstone Holdings I L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154 |
Gso Cactus Credit Opportunities Fund Lp | 10 percent owner | 345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154 |
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