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Lumi Rental Co (SAU:4262) Cost of Goods Sold : ﷼1,112 Mil (TTM As of Dec. 2024)


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What is Lumi Rental Co Cost of Goods Sold?

Lumi Rental Co's cost of goods sold for the three months ended in Dec. 2024 was ﷼289 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2024 was ﷼1,112 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Lumi Rental Co's Gross Margin % for the three months ended in Dec. 2024 was 28.05%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Lumi Rental Co's Inventory Turnover for the three months ended in Dec. 2024 was 46.13.


Lumi Rental Co Cost of Goods Sold Historical Data

The historical data trend for Lumi Rental Co'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.

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Lumi Rental Co Cost of Goods Sold Chart

Lumi Rental Co Annual Data
Trend Dec22 Dec23 Dec24
Cost of Goods Sold
522.58 725.07 1,111.99

Lumi Rental Co Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cost of Goods Sold Get a 7-Day Free Trial Premium Member Only Premium Member Only 201.25 270.57 265.20 286.87 289.35

Lumi Rental Co Cost of Goods Sold Calculation

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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼1,112 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.


Lumi Rental Co  (SAU:4262) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Lumi Rental Co's Gross Margin % for the three months ended in Dec. 2024 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(402.128 - 289.348) / 402.128
=28.05 %

* 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:

Lumi Rental Co's Inventory Turnover for the three months ended in Dec. 2024 is calculated as:

* 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.


Lumi Rental Co Cost of Goods Sold Related Terms

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Lumi Rental Co Business Description

Traded in Other Exchanges
N/A
Address
Imam Saud Bin Abdulaziz Bin Mohammed road, P.O box 6477, Al-Taawun District, Riyadh, SAU, 12476
Lumi Rental Co is a Car rental company that offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has three reportable segments which are Leasing segment includes Providing vehicles on long-term leases to corporate and government customers. Rental segment includes Providing vehicles on daily, weekly, and monthly rentals to walking and corporate customers, and Used car sale segment provides the sale of vehicles that have completed their economical life as per management policy. Key revenue is generated from leasing.

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