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Avis Budget Group's cost of goods sold for the three months ended in Dec. 2023 was $861 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $3,131 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Avis Budget Group's Gross Margin % for the three months ended in Dec. 2023 was 69.47%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Avis Budget 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.
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 $3,131 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.
Avis Budget Group (NAS:CAR) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Avis Budget Group's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (2820 | - | 861) | / | 2820 | |
= | 69.47 % |
* 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:
Avis Budget Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 861 | / | 0 | |
= | N/A |
* 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 Avis Budget Group's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph A. Ferraro | officer: President, Americas | 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Izilda P Martins | officer: Sr VP and Acting CAO | 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Patrick K Rankin | officer: President, International | 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Lynn Krominga | director | 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Edward P Linnen | officer: SVP, Chief HR Officer | 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Bernardo Hees | director | C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017 |
Karthik R. Sarma | director, 10 percent owner | ONE BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036 |
Jean M Sera | officer: SVP, GC & Corp. Sec. | AVIS BUDGET GROUP, 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Glenn Lurie | director | C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BLVD., BRIDGEWATER NJ 08807 |
Ravi Simhambhatla | officer: EVP, CDIO - see remarks | 6 SYLVAN WAY, AVIS BUDGET GROUP, INC., PARSIPPANY NJ 07054 |
Anu Hariharan | director | 2550 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025 |
Cathleen Degenova | officer: Chief Accounting Officer | 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Veresh Sita | officer: EVP, CDIO (1) | 6 SYLVAN WAY, AVIS BUDGET GROUP, INC., PARSIPPANY NJ 07054 |
Brian J Choi | director | C/O SRS INVESTMENT MANAGEMENT, LLC, ONE BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036 |
Srs Investment Management, Llc | 10 percent owner | 1 BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036 |
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