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Reading International's cost of goods sold for the three months ended in Dec. 2023 was $43.3 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $196.2 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Reading International's Gross Margin % for the three months ended in Dec. 2023 was 4.49%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Reading International's Inventory Turnover for the three months ended in Dec. 2023 was 27.60.
The historical data trend for Reading International'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.
Reading International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 219.50 | 99.64 | 133.01 | 187.72 | 196.18 |
Reading International Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 46.42 | 43.87 | 53.47 | 55.56 | 43.28 |
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 $196.2 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.
Reading International (NAS:RDI) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Reading International's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (45.319 | - | 43.284) | / | 45.319 | |
= | 4.49 % |
* 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:
Reading International's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 43.284 | / | 1.568 | |
= | 27.60 |
* 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 Reading International's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark Cuban | 10 percent owner | 5424 DELOACHE AVENUE, DALLAS TX 75220 |
Robert F Smerling | officer: President - Domestic Cinemas | 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
Ellen M Cotter | officer: COO - Domestic Cinemas | C/O READING INTERNATIONAL, 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
Margaret Cotter | director | 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
James J. Cotter Living Trust | 10 percent owner, other: Member of Sec.13(d)(3) Group | 6100 CENTER DRIVE, SUITE 900, LOS ANGELES CA 90045 |
Edward Lewis Kane | director | 7405 HIGH AVE, LAJOLLA CA 92037 |
Gilbert Avanes | officer: Vice President, FP & A | 5236 MARYLAND AVE, LA CRESCENTA CA 91214 |
Douglas James Mceachern | director | 2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 90814 |
Devasis Ghose | officer: Chief Financial Officer | 1155 VALLEY STREET, SUITE 400, SEATTLE WA 98109 |
Cotter James J Jr | director, 10 percent owner, officer: See Remarks | C/O READING INTERNATIONAL, INC., 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040 |
Sidney Craig Tompkins | officer: EVP, General Counsel | 5995 SEPULVEDA BOULEVARD, SUITE 300, CULVER CITY CA 90230 |
Steven John Lucas | officer: VP, Controller & CAO | 32 IZARD ROAD, KHANDALLAH, WELLINGTON Q2 6035 |
Matthew Benedict Bourke | officer: Mang Dir-Real Estate- Aus & NZ | 4 LUCAS STREET, EAST BRIGHTON, MELBOURNE C3 3187 |
Michael J. Wrotniak | director | 32 ELMSMERE ROAD, MOUNT VERNON NY 10552 |
Judy Bond Codding | director | 2266 CANYONBACK ROAD, LOS ANGELES CA 90049 |
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