Greencore Group (Greencore Group) Cost of Goods Sold

: $1,649 Mil (TTM As of Sep. 2023)

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Greencore Group's cost of goods sold for the six months ended in Sep. 2023 was $845 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2023 was $1,649 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Greencore Group's Gross Margin % for the six months ended in Sep. 2023 was 30.89%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Greencore Group's Inventory Turnover for the six months ended in Sep. 2023 was 9.58.

Greencore Group Cost of Goods Sold Historical Data

The historical data trend for Greencore Group'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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Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cost of Goods Sold

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1,203.47

1,113.34

1,238.87

1,377.80

1,664.48

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cost of Goods Sold	Get a 7-Day Free Trial															699.04	711.86	765.91	803.64	844.93

Greencore Group 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1,649 Mil.

Greencore Group (OTCPK:GNCGY) Cost of Goods Sold Explanation

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

Greencore Group's Gross Margin % for the six months ended in Sep. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(1222.649	-	844.926)	/	1222.649
	=	30.89 %

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:

Greencore Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	844.926	/	88.194
	=	9.58

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.

Greencore Group Cost of Goods Sold Related Terms

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Greencore Group (Greencore Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (OTCPK:GNCGY) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

GNCGF:USA GNCl:UK GNC:UK GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.