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Red Robin Gourmet Burgers's cost of goods sold for the three months ended in Dec. 2023 was $213 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $681 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Red Robin Gourmet Burgers's Gross Margin % for the three months ended in Dec. 2023 was 30.93%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Red Robin Gourmet Burgers's Inventory Turnover for the three months ended in Dec. 2023 was 7.93.
The historical data trend for Red Robin Gourmet Burgers'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.
Red Robin Gourmet Burgers Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 871.98 | 630.84 | 767.28 | 845.94 | 885.26 |
Red Robin Gourmet Burgers Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Apr23 | Sep23 | Dec23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 193.99 | 194.98 | 274.89 | 192.39 | 213.44 |
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 $681 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.
Red Robin Gourmet Burgers (NAS:RRGB) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Red Robin Gourmet Burgers's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (309.026 | - | 213.443) | / | 309.026 | |
= | 30.93 % |
* 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:
Red Robin Gourmet Burgers's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 213.443 | / | 26.926 | |
= | 7.93 |
* 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 Red Robin Gourmet Burgers's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Archon Capital Management Llc | 10 percent owner | 1100 19TH AVENUE EAST, SEATTLE WA 98112 |
Jyoti A. Lynch | officer: CHIEF TECHNOLOGY OFFICER | 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024 |
Gerard Johan Hart | director | 6040 DUTCHMANS LANE, SUITE 200, LOUISVILLE KY 40205 |
Christofilis, Constantinos | 10 percent owner | 2010 EAST GALER STREET, SEATTLE WA 98112 |
Nicole Miller Regan | director | 10000 E GEDDES AVE, STE 500, ENGLEWOOD CO 80112 |
Allison A. Page | director | 6312 S FIDDLERS GREEN CIRCLE, SUITE 200N, GREENWOOD VILLAGE CO 80111 |
Kevin E. Mayer | officer: Chief Marketing Officer | 7755 CENTER AVE., SUITE 300, HUNTINGTON BEACH CA 92647 |
Geoffrey Wayne Davis | officer: Chief Human Resource Officer | 6312 S FIDDLERS GREEN CIRCLE, 200N, GREENWOOD VILLAGE CO 80111 |
Sarah A. Mussetter | officer: CHIEF LEGAL OFFICER | HOLME ROBERTS & OWEN LLP, 1700 LINCOLN STREET, SUITE 4100, DENVER CO 80203 |
David Pace | director | |
Thomas G. Conforti | director | WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054 |
Joshua Todd Wilson | officer: CHIEF FINANCIAL OFFICER | 10000 E GEDDES AVE, STE 500, ENGLEWOOD CO 80112 |
Steve Lumpkin | director | 10580 W. 192ND PLACE, SPRING HILLS KS 60083 |
Cheri Kinder | officer: Chief Accounting Officer | 14800 LANDMARK BOULEVARD, SUITE 500, ADDISON TX 75254 |
Murphy Paul J B Iii | director, officer: President and CEO |
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