Quaker Houghton (Quaker Houghton) Cost of Goods Sold : $1,248 Mil (TTM As of Dec. 2023)

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What is Quaker Houghton Cost of Goods Sold?

Quaker Houghton's cost of goods sold for the three months ended in Dec. 2023 was $296 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $1,248 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Quaker Houghton's Gross Margin % for the three months ended in Dec. 2023 was 36.64%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Quaker Houghton's Inventory Turnover for the three months ended in Dec. 2023 was 1.22.

Quaker Houghton Cost of Goods Sold Historical Data

The historical data trend for Quaker Houghton'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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Quaker Houghton Cost of Goods Sold Chart

Quaker Houghton Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cost of Goods Sold

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741.39

904.23

1,166.52

1,330.93

1,247.67

Quaker Houghton Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															328.54	326.70	317.75	307.27	295.95

Quaker Houghton 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,248 Mil.

Quaker Houghton (NYSE:KWR) Cost of Goods Sold Explanation

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

Quaker Houghton's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(467.109	-	295.953)	/	467.109
	=	36.64 %

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:

Quaker Houghton's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	295.953	/	242.3135
	=	1.22

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.

Quaker Houghton Cost of Goods Sold Related Terms

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Quaker Houghton (Quaker Houghton) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Quaker Houghton (NYSE:KWR) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 East Hector Street, Conshohocken, PA, USA, 19428-2380

Website

https://www.quakerhoughton.com

Quaker Houghton manufactures and sells a variety of industrial process fluids. The product portfolio of the company includes metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids and surface treatment chemicals. The geographic segments of the company includes America, EMEA, Asia/Pacific and Global Specialty Businesses. Majority of the revenue is earned from America.

Executives

Jeewat Bijlani	officer: SVP - Managing Director, Ams.	QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Anna Ransley	officer: SVP, CDIO	QUAKER CHEMICAL CORPORATION, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Russell Shaller	director	6555 WEST GOOD HOPE RD, MILWAUKEE WI 53223
Melissa Leneis	officer: SVP, CHRO	QUAKER CHEMICAL CORPORATION, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Jeffry D Frisby	director	C/O QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 HECTOR STREET, CONSHOHOCKEN PA 19428
David Slinkman	officer: SVP - Chief Technology Officer	QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Joseph A Berquist	officer: VP & Managing Director - NA	QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Robert T Traub	officer: SVP, GC & Corp. Sec.	QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
David Will	other: VP, Global Controller & PAO	QUAKER CHEMICAL CORPORATION, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Michael F Barry	officer: VP & CFO & Treasurer	ONE QUAKER PARK, 901 HECTOR ST, CONSHOHOCHEN PA 19428
Jeffrey L Fleck	officer: SVP, Chief GSCO	1310 SEABOARD INDUSTRIAL BLVD, ATLANTA X1 30318
L Wilbert Platzer	officer: VP - WWO
Dieter Laininger	officer: Vice President - Global Steel	QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Gulf Hungary Holding Korlatolt Felelossegu Tarsasag	10 percent owner	FURJ UTCA 2, BUDAPEST K5 1124
Qh Hungary Holdings Ltd	10 percent owner	STERLING TRUST CAYMAN LTD, WH, 238 NORTH CHURCH STREET, P.O BOX 1043, GEORGE TOWN E9 KY1-1102