Cheesecake Factory (NAS:CAKE) Cost of Goods Sold

: $2,056 Mil (TTM As of Mar. 2023)

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Cheesecake Factory's cost of goods sold for the three months ended in Mar. 2023 was $518 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2023 was $2,056 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Cheesecake Factory's Gross Margin % for the three months ended in Mar. 2023 was 40.22%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Cheesecake Factory's Inventory Turnover for the three months ended in Mar. 2023 was 9.04.

Cheesecake Factory Cost of Goods Sold Historical Data

The historical data trend for Cheesecake Factory'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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Cheesecake Factory Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cost of Goods Sold

1,367.01

1,461.45

1,236.92

1,725.76

2,022.88

Cheesecake Factory Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cost of Goods Sold																484.26	508.70	490.81	539.10	517.75

Cheesecake Factory 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 Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,056 Mil.

Cheesecake Factory (NAS:CAKE) Cost of Goods Sold Explanation

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

Cheesecake Factory's Gross Margin % for the three months ended in Mar. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(866.114	-	517.752)	/	866.114
	=	40.22 %

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:

Cheesecake Factory's Inventory Turnover for the three months ended in Mar. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	517.752	/	57.274
	=	9.04

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.

Cheesecake Factory Cost of Goods Sold Related Terms

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Cheesecake Factory (NAS:CAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cheesecake Factory Inc (NAS:CAKE) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

CAKE:Mexico CF2:Germany

Address

26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301

Website

https://www.thecheesecakefactory.com

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Most of the company's revenue comes from The Cheesecake Factory restaurants segment.

Executives

Adam S. Gordon	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Khanh Collins	director	22825 QUEENSBRIDGE DRIVE, ASHBURN VA 20148
Paul D. Ginsberg	director	C/O ROARK CAPITAL, 1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Rc Cake Holdings Llc	10 percent owner	1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Janice L. Meyer	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Scarlett May	officer: EVP, General Counsel	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Keith Carango	officer: President (Subsidiary)	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Edie A Ames	director	C/O MORTONS RESTATURANT GROUP, INC., 325 LASALLE STREET, SUITE 500, CHICAGO IL 60610
Doug Benn	officer: Executive VP, CFO	C/O INNOVATIVE RESTAURANTS CONCEPT INC, 1640 POWERS FERRY RD BLDG 2 STE 300, MARIETTA GA 30067-9400
David M Gordon	officer: President	C/O THE CHEESECAKE FACTORY INCORPORATED, 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
Douglas L Schmick	director	720 SW WASHINGTON STREET, SUITE 550, PORTLAND OR 97205
Laurence B Mindel	director	IL FORNAIO AMERICA CORP, 770 TAMAPAIS DR STE 400, CORTE MADERA CA 94925
Herbert Simon	director	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Michael E Jannini	officer: President	C/O 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
David Bruce Pittaway	director	150 E 58TH ST, STE 3700, NEW YORK NY 10155