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Rush Enterprises's cost of goods sold for the three months ended in Dec. 2023 was $1,643 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $6,301 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Rush Enterprises's Gross Margin % for the three months ended in Dec. 2023 was 19.02%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Rush Enterprises's Inventory Turnover for the three months ended in Dec. 2023 was 0.95.
The historical data trend for Rush Enterprises'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.
Rush Enterprises Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 4,784.22 | 3,860.47 | 4,033.84 | 5,614.51 | 6,331.93 |
Rush Enterprises Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 1,513.00 | 1,589.20 | 1,586.34 | 1,643.40 | 1,482.12 |
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 $6,301 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.
Rush Enterprises (NAS:RUSHA) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Rush Enterprises's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (2029.465 | - | 1643.397) | / | 2029.465 | |
= | 19.02 % |
* 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:
Rush Enterprises's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 1643.397 | / | 1736.535 | |
= | 0.95 |
* 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 Rush Enterprises's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Rush William M Rusty | officer: President & COO | C/O RUSH ENTERPRISES INC, 555 IH 35 S., NEW BRAUFELS TX 78130 |
Steven L Keller | officer: Vice President & CFO | C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265 |
Amy Boerger | director | 2002 W WAHALLA LANE, PHOENIX AZ 85027 |
Jody Pollard | officer: Senior Vice President | 555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130 |
Michael L Goldstone | officer: VP, General Counsel & CS | 555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130 |
Scott T Anderson | officer: VP Finance & Insurance | C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265 |
Michael Mcroberts | officer: Senior Vice President | P. O. BOX 34630, SAN ANTONIO TX 78265 |
Raymond Joseph Chess | director | 1084 ANDANTE CT, OXFORD MI 48370 |
Derrek Weaver | officer: VP, Chief Compliance Officer, General Counsel | C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265 |
Troy A Clarke | director | C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017 |
James E Thor | officer: Senior V.P. of Retail Sales | C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265 |
James C Underwood | director | C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265 |
Elaine Mendoza | director | 2223 POSTOAK COURT, SAN ANTONIO TX 78248 |
Richard J Ryan | officer: S.V.P. Navistar Dealerships | C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265 |
Thomas A Akin | director | C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265 |
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