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Circor International's cost of goods sold for the three months ended in Jun. 2023 was $140.2 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2023 was $535.5 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Circor International's Gross Margin % for the three months ended in Jun. 2023 was 32.85%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Circor International's Inventory Turnover for the three months ended in Jun. 2023 was 0.87.
The historical data trend for Circor International'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.
Circor International Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 688.27 | 656.78 | 533.01 | 528.29 | 529.83 |
Circor International Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 133.17 | 128.12 | 138.17 | 129.03 | 140.22 |
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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $535.5 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.
Circor International (NYSE:CIR) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Circor International's Gross Margin % for the three months ended in Jun. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (208.809 | - | 140.224) | / | 208.809 | |
= | 32.85 % |
* 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:
Circor International's Inventory Turnover for the three months ended in Jun. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 140.224 | / | 161.961 | |
= | 0.87 |
* 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 Circor International's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Forrest Tiedeman | officer: Vice President, Treasury & Tax | C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Samuel R. Chapin | director | 940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451 |
Tony S. Najjar | director, officer: President and CEO | C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Helmuth Ludwig | director | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Arjun Sharma | officer: CFO and SVP Bus Development | 50 PARK ROW WEST, PROVIDENCE RI 02903 |
John A Odonnell | director | 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019 |
Jessica Wiley Wenzell | officer: SVP, General Counsel & CPO | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Bruce M Lisman | director | C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403 |
Jill D. Smith | director | 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503 |
Tina Donikowski | director | 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525 |
Losak Joseph C. Ii | officer: VP Finance, Controller, PAO | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
George Arthur L Jr | director | 12500 TI BOULEVARD, MS 8476, DALLAS TX 75243 |
Sumit Mehrotra | officer: Group Pres, Adv Flow Solutions | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Tanya Dawkins | officer: Director and Treasurer | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Amit Goel | officer: VP Finance, Corp. Controller | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
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