MGP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MGP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
MGM Growth Properties LLC's cost of goods sold for the three months ended in Mar. 2022 was $5.8 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2022 was $23.6 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. MGM Growth Properties LLC's Gross Margin % for the three months ended in Mar. 2022 was 97.12%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for MGM Growth Properties LLC'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.
MGM Growth Properties LLC Annual Data | |||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 88.25 | 119.53 | 23.68 | 23.68 | 23.65 |
MGM Growth Properties LLC Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 5.92 | 5.92 | 5.92 | 5.89 | 5.82 |
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 Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.6 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.
MGM Growth Properties LLC (NYSE:MGP) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
MGM Growth Properties LLC's Gross Margin % for the three months ended in Mar. 2022 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (201.936 | - | 5.824) | / | 201.936 | |
= | 97.12 % |
* 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:
MGM Growth Properties LLC's Inventory Turnover for the three months ended in Mar. 2022 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 5.824 | / | 0 | |
= | N/A |
* 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 MGM Growth Properties LLC's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Andy H Chien | officer: CFO and Treasurer | C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118 |
Paul J Salem | director | 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903 |
Daniel J Taylor | director | 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109 |
James C. Stewart | officer: Chief Executive Officer | C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118 |
Thomas A Roberts | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
Charles Irving | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BOULEVARD, SUITE 500 LAS VEGAS NV 89118 |
Kathryn Coleman | director | 6385 S RAINBOW BOULEVARD, STE. 500 LAS VEGAS NV 89118 |
Michael Rietbrock | other: Former Director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
James Murren | other: former director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Robert W Smith | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
Sanders Corey Ian | director | 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119 |
Lau Knicks | officer: ED Acct & Finance (Controller) | 1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135 |
William Hornbuckle | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
John Mcmanus | director | 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119 |
Resorts International Mgm | 10 percent owner | 3600 LAS VEGAS BLVD S., LAS VEGAS NV 89109 |
From GuruFocus
By PRNewswire PRNewswire • 04-30-2021
By GuruFocus Research GuruFocus Editor • 08-13-2022
By PRNewswire PRNewswire • 06-15-2021
By PRNewswire PRNewswire • 03-15-2022
By PRNewswire PRNewswire • 12-15-2020
By PRNewswire PRNewswire • 11-03-2021
By PRNewswire PRNewswire • 08-05-2021
By GuruFocus Research GuruFocus Editor • 08-16-2022
By GuruFocus Research GuruFocus Editor • 11-03-2021
By PRNewswire PRNewswire • 08-06-2021
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.