MasTec (NYSE:MTZ) Cost of Goods Sold

: $7,509 Mil (TTM As of Sep. 2022)

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MasTec's cost of goods sold for the three months ended in Sep. 2022 was $2,188 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Sep. 2022 was $7,509 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MasTec's Gross Margin % for the three months ended in Sep. 2022 was 12.96%.

Cost of Goods Sold is also directly linked to Inventory Turnover. MasTec's Inventory Turnover for the three months ended in Sep. 2022 was 17.41.

MasTec Cost of Goods Sold Historical Data

The historical data trend for MasTec'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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MasTec Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cost of Goods Sold

5,745.31

5,939.31

6,070.24

5,270.88

6,805.74

MasTec Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cost of Goods Sold																2,057.34	1,559.31	1,733.32	2,028.11	2,187.84

MasTec 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. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $7,509 Mil.

MasTec (NYSE:MTZ) Cost of Goods Sold Explanation

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

MasTec's Gross Margin % for the three months ended in Sep. 2022 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(2513.484	-	2187.835)	/	2513.484
	=	12.96 %

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:

MasTec's Inventory Turnover for the three months ended in Sep. 2022 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2187.835	/	125.656
	=	17.41

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.

MasTec Cost of Goods Sold Related Terms

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MasTec (NYSE:MTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MasTec Inc (NYSE:MTZ) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

MY8:Germany MY8:Germany

Address

800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134

Website

http://www.mastec.com

MasTec Inc is a leading infrastructure construction company operating primarily throughout North America. Its principal activities include engineering, building, installation, maintenance, and upgrades of communications, energy, and utility infrastructure. The company installs wireless, wireline, and satellite communications; oil and gas pipeline infrastructure; conventional and renewable power generation; and other industrial systems. MasTec has five operating segments: Communications, Oil and Gas, Power Delivery, Clean Energy and Infrastructure, and Others. The majority of its revenue is derived from the Communications segments. The company markets services individually and in combination with other companies to provide a wide range of solutions for customers.

Executives

Parker Ava L	director	1469 HARRINGTON PARK DRIVE JACKSONVILLE FL 32225
Palomarez Javier Alberto	director	3405 PINNEY POINT DRIVE FLOWER MOUND TX 75022
Pita George	officer: CFO	3000 NW 107TH AVENUE MIAMI FL 33172
Restrepo Daniel A	director	C/O MASTEC, INC. 800 S. DOUGLAS RD., 12TH FLOOR CORAL GABLES FL 33134
Harris Ray	officer: President	800 DOUGLAS ROAD 12TH FLOOR - MASTEC CORAL GABLES FL 33134
Apple Robert E	officer: Chief Operations Officer	800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cardenas Alberto I	officer: Executive Vice President	800 S DOUGLAS ROAD 12TH FLOOR CORAL GABLES X1 33134
Csiszar Ernst N	director	2600 S RIVER ROAD DES PLAINES IL 60018
Floerke Gregory Scott	officer: Chief Operations Officer	C/O MARKWEST ENERGY PARTNERS, L.P. 1515 ARAPAHOE STREET, TOWER 1, SUITE 160 DENVER CO 80202
Dwyer Robert J	director	880 SOUTH OCEAN BOULEVARD PALM BEACH FL 33480
Campbell C Robert	officer: EVP & CFO	800 DOUGLAS ROAD 12TH FLOOR CORAL GABLES FL 33134
De Cespedes Carlos M	director	3075 NW 107TH AVE MIAMI FL 33172
Jaumot Frank E	director	190 SE 19TH AVENUE POMPANO BEACH FL 33060
Nearing Michael	officer: General Counsel and EVP	800 DOUGLAS ROAD 12TH FL CORAL GABLES FL 33134
Hudson Sherrill W	director	201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131