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Surgery Partners's cost of goods sold for the three months ended in Dec. 2023 was $542 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $2,096 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Surgery Partners's Gross Margin % for the three months ended in Dec. 2023 was 26.33%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Surgery Partners's Inventory Turnover for the three months ended in Dec. 2023 was 7.49.
The historical data trend for Surgery Partners'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 $2,096 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.
Surgery Partners (NAS:SGRY) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Surgery Partners's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (735.4 | - | 541.8) | / | 735.4 | |
= | 26.33 % |
* 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:
Surgery Partners's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 541.8 | / | 72.3 | |
= | 7.49 |
* 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.
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 Surgery Partners's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Bain Capital Investors Llc | director, 10 percent owner | 200 CLARENDON STREET, BOSTON MA 02116 |
Wayne S Deveydt | director, officer: Chief Executive Officer | 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204 |
T. Devin O'reilly | director, 10 percent owner | C/O BAIN CAPITAL PRIVATE EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02149 |
Blair E Hendrix | director, 10 percent owner | |
Andrew T. Kaplan | director | C/O BAIN CAPITAL PRIVATE EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02116 |
Jason Eric Evans | officer: EVP & Chief Operating Officer | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Harrison R. Bane | officer: American Group President | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
David T Doherty | officer: Chief Financial Officer | 310 SEVEN SPRINGS WAY, BRENTWOOD TN 37027 |
Bradley R. Owens | officer: National Group President | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Danielle Burkhalter | officer: Chief Human Resources Officer | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Anthony Taparo | officer: President, Atlantic Group | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Jennifer Baldock | officer: Sr. VP, Gen Couns. & Sec. | 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
Marissa Brittenham | officer: Chief Strategy Officer | 310 SEVEN SPRINGS WAY, BRENTWOOD TN 37027 |
Bain Capital Fund Xi, L.p. | director, 10 percent owner | JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116 |
Bain Capital Partners Xi, L.p. | director, 10 percent owner | 200 CLARENDON STREET, BOSTON MA 02116 |
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