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CTS's cost of goods sold for the three months ended in Dec. 2023 was $82.6 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $359.6 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. CTS's Gross Margin % for the three months ended in Dec. 2023 was 33.73%.
Cost of Goods Sold is also directly linked to Inventory Turnover. CTS's Inventory Turnover for the three months ended in Dec. 2023 was 1.32.
The historical data trend for CTS'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.
CTS Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 311.42 | 285.00 | 328.31 | 376.33 | 359.56 |
CTS 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 | 91.28 | 94.34 | 94.44 | 88.15 | 82.63 |
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 $359.6 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.
CTS (NYSE:CTS) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
CTS's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (124.694 | - | 82.63) | / | 124.694 | |
= | 33.73 % |
* 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:
CTS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 82.63 | / | 62.7075 | |
= | 1.32 |
* 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 CTS's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Randy Lee Stone | director | 974 CENTRE ROAD, CRP 730, WILMINGTON DE 19805 |
Kieran M O'sullivan | director, officer: President & CEO | 2375 CABOT DRIVE, LISLE IL 60532 |
Martin Baumeister | officer: Senior Vice President | 4925 INDIANA AVENUE, LISLE IL 60532 |
Michael Edward Murray | officer: Senior Vice President | 4925 INDIANA AVENUE, LISLE IL 60532 |
Ye Jane Li | director | 200 FLYNN ROAD, CAMARILLO CA 93012-8790 |
Ashish Agrawal | officer: CFO | 2375 CABOT DRIVE, LISLE IL 60525 |
Thomas Michael White | officer: Controller and PAO | 4925 INDIANA AVENUE, LISLE IL 60532 |
Scott D'angelo | officer: VP & Secretary | 4925 INDIANA AVENUE, LISLE IL 60532 |
Donna Costello | director | 17 STEWART COURT, WESTWOOD NJ 07675 |
Alfonso G Zulueta | director | 4925 INDIANA AVE, LISLE IL 60532 |
Gordon Hunter | director | 25950 ELENA RD, LOS ALTOS HILLS CA 94022 |
Diana M Murphy | director | C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224 |
William S Johnson | director | C/O CABOT MICROELECTRONICS, 870 N. COMMONS DR, AURORA IL 60504 |
Luis Francisco Machado | officer: VP, General Counsel & Sec. | 1142 W. BEARDSLEY AVENUE, ELKHART IN 46514 |
Rajeeb K Nath | officer: Vice President | 1142 WEST BEARDSLEY AVENUE, ELKHART IN 46514 |
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