Viking Holdings (Viking Holdings) Cost of Goods Sold : $1,203 Mil (TTM As of Mar. 2024)

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What is Viking Holdings Cost of Goods Sold?

Viking Holdings's cost of goods sold for the three months ended in Mar. 2024 was $504 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $1,203 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Viking Holdings's Gross Margin % for the three months ended in Mar. 2024 was 29.83%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Viking Holdings's Inventory Turnover for the three months ended in Mar. 2024 was 9.27.

Viking Holdings Cost of Goods Sold Historical Data

The historical data trend for Viking 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.

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Viking Holdings Cost of Goods Sold Chart

Viking Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Cost of Goods Sold

712.28

2,152.37

2,851.78

Viking Holdings Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Cost of Goods Sold	Get a 7-Day Free Trial			590.56	476.49	-	699.52	503.93

Viking Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,203 Mil.

Viking Holdings (NYSE:VIK) Cost of Goods Sold Explanation

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

Viking Holdings's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(718.155	-	503.925)	/	718.155
	=	29.83 %

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:

Viking Holdings's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	503.925	/	54.3875
	=	9.27

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.

Viking Holdings Cost of Goods Sold Related Terms

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Viking Holdings (Viking Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Viking Holdings Ltd (NYSE:VIK) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.viking.com

Viking Holdings Ltd is a travel company, with a fleet of 92 small, state-of-the-art ships, which view as floating hotels. It offer travel experiences on all seven continents in all three categories of the cruise industry—river, ocean and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment provides ocean cruises to English-speaking passengers. Other includes operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers ("Expedition"), Mississippi River cruises for English-speaking passengers, Viking China, which includes cruises for Mandarin.

Viking Holdings (Viking Holdings) Headlines

From GuruFocus

Viking Announces Closing of Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

By PRNewswire • 05-03-2024