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Life Time Group Holdings's cost of goods sold for the three months ended in Dec. 2023 was $288 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $1,184 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Life Time Group Holdings's Gross Margin % for the three months ended in Dec. 2023 was 48.42%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Life Time Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 5.69.
The historical data trend for Life Time Group Holdings'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.
Life Time Group Holdings Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 1,041.13 | 660.05 | 844.10 | 1,068.21 | 1,184.37 |
Life Time Group Holdings Quarterly Data | |||||||||||||||||
Dec18 | Dec19 | 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 | 253.83 | 274.11 | 302.60 | 319.40 | 288.26 |
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 $1,184 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.
Life Time Group Holdings (NYSE:LTH) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Life Time Group Holdings's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (558.834 | - | 288.257) | / | 558.834 | |
= | 48.42 % |
* 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:
Life Time Group Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 288.257 | / | 50.68 | |
= | 5.69 |
* 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 Life Time Group Holdings's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Bahram Akradi | director, 10 percent owner, officer: Founder & CEO | 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Erik Weaver | officer: SVP & Controller | C/O ORTHO-CLINICAL DIAGNOSTICS, INC., 1001 ROUTE 202, RARITAN NJ 08869 |
Robert P. Houghton | officer: EVP & CHIEF FINANCIAL OFFICER | 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Teacher Retirement System Of Texas | other: Member of a group that is 10% | 1000 RED RIVER STREET, AUSTIN TX 78701 |
Donna Coallier | director | 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Jon Winkelried | 10 percent owner | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Tpg Gp A, Llc | 10 percent owner | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Jimena Almendares | director | C/O LIFE TIME GROUP HOLDINGS, INC., 2902 CORPORATE PLACE, CHANHASSEN MN 55317 |
Lnk Life Time Fund, L.p. | director, 10 percent owner | 81 MAIN STREET, WHITE PLAINS NY 10601 |
Partners Group Private Equity (master Fund), Llc | 10 percent owner | 1114 AVENUE OF THE AMERICAS, 37TH FLOOR, NEW YORK NY 10036 |
Green Ltf Holdings Ii Lp | director, 10 percent owner | 11111 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025 |
Simon Property Group Inc /de/ | 10 percent owner | 225 WEST WASHINGTON STREET, INDIANAPOLIS IN 46204-3438 |
John Kristofer Galashan | director, 10 percent owner | LEONARD, GREEN & PARTNERS, 11111 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025 |
Jss Ltf Holdings Ltd | 10 percent owner | MARCY BUILDING, PURCELL ESTATE, P.O. BOX 2416, ROAD TOWN, TORTOLA D8 VG1110 |
Lifeco Llc | 10 percent owner | 499 PARK AVENUE, 24TH FLOOR, NEW YORK NY 10022 |
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