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Gates Industrial's cost of goods sold for the three months ended in Dec. 2023 was $526 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $2,211 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gates Industrial's Gross Margin % for the three months ended in Dec. 2023 was 39.12%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Gates Industrial's Inventory Turnover for the three months ended in Dec. 2023 was 0.81.
The historical data trend for Gates Industrial'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.
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 $2,211 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.
Gates Industrial (NYSE:GTES) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Gates Industrial's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (863.3 | - | 525.6) | / | 863.3 | |
= | 39.12 % |
* 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:
Gates Industrial's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 525.6 | / | 646.65 | |
= | 0.81 |
* 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 Gates Industrial's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Omaha Aggregator (cayman) L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-1 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Inc. | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154 |
Gwendolyn Ann Montgomery | officer: SVP, Global Human Resources | 33587 WALKER RD, AVON LAKE OH 44012 |
Fredrik J Eliasson | director | 500 WATER STREET, JACKSONVILLE FL 32202 |
Seth Meisel | director | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Wilson S Neely | director | C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202 |
Bx Gates Ml-5 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-4 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-3 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bx Gates Ml-2 Holdco Llc | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Alicia L. Tillman | director | C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202 |
Thomas G. Pitstick | officer: CMO & SVP Strategic Planning | C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202 |
Peifang Zhang | director | 21640 E. BRIARWOOD DR., AURORA CO 80016 |
James W Ireland | director | C/O GATES INTERNATIONAL CORPORATION PLC, 1144 15TH STREET, SUITE 1400, DENVER CO 80202 |
From GuruFocus
By PRNewswire 04-26-2023
By PRNewswire 07-14-2022
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