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Eagle Materials's cost of goods sold for the three months ended in Dec. 2023 was $378 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $1,552 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Eagle Materials's Gross Margin % for the three months ended in Dec. 2023 was 32.32%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Eagle Materials's Inventory Turnover for the three months ended in Dec. 2023 was 1.19.
The historical data trend for Eagle Materials'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 $1,552 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.
Eagle Materials (NYSE:EXP) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Eagle Materials's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (558.833 | - | 378.205) | / | 558.833 | |
= | 32.32 % |
* 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.
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:
Eagle Materials's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 378.205 | / | 317.601 | |
= | 1.19 |
* 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 Eagle Materials's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Eric Cribbs | officer: Executive Vice President | 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225 |
Matt Newby | officer: EVP & General Counsel | 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225 |
Richard Ross Stewart | director | 2707 N LOOP WEST 9TH FL, HOUSTON TX 77008 |
Dale Craig Kesler | officer: EVP and CFO | 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219 |
Michael Haack | director, officer: President & CEO | 3811 TURTLE CREEK BLVD., SUITE 1100, DALLAS TX 75219 |
Robert S Stewart | officer: EVP-Strategy & Corp. Develop. | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219 |
William R Devlin | officer: Vice President & Controller | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219 |
Tony Thompson | officer: Senior Vice President | 5960 BERKSHIRE LN, SUITE 800, DALLAS TX 75225 |
George John Damiris | director | 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201 |
David B Powers | officer: Executive Vice President | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75201 |
Steven L Wentzel | officer: President (American Gypsum) | 5960 BERKSHIRE LN #800, DALLAS TX 75225 |
Bowman Ed H Jr | director | C/O F.Y.I. INC, 3232 MCKINNEY AVE STE 900, DALLAS TX 75204 |
James H Graass | officer: EVP & General Counsel | C/O EAGLE MATERIALS INC., 3811 TURTLE CREEK BLVD SUITE 1100, DALLAS TX 75219 |
Martin M Ellen | director | 5960 BERKSHIRE LN, SUITE 900, DALLAS TX 75225 |
Mauro Gregorio | director | 2211 H.H. DOW WAY, MIDLAND MI 48674 |
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