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Con-way's cost of goods sold for the three months ended in Jun. 2015 was $454 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jun. 2015 was $2,050 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Con-way's Gross Margin % for the three months ended in Jun. 2015 was 68.21%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Con-way's Inventory Turnover for the three months ended in Jun. 2015 was 20.34.
The historical data trend for Con-way'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.
Con-way Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 1,972.02 | 2,193.89 | 2,328.66 | 2,108.34 | 2,210.44 |
Con-way Quarterly Data | ||||||||||||||||||||
Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 533.86 | 571.48 | 536.62 | 488.62 | 453.76 |
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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,050 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.
Con-way (NYSE:CNW) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Con-way's Gross Margin % for the three months ended in Jun. 2015 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (1427.314 | - | 453.759) | / | 1427.314 | |
= | 68.21 % |
* 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:
Con-way's Inventory Turnover for the three months ended in Jun. 2015 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 453.759 | / | 22.3095 | |
= | 20.34 |
* 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.
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John C Pope | director | 810 S. RIDGE RD, LAKE FOREST IL 60045 |
Gretchen W Mcclain | director | XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604 |
Phipps Paul Cody | director | 2211 OLD EARHART ROAD, SUITE 100, ANN ARBOR MI 48105 |
Stephen K Krull | officer: EVP General Counsel&Secretary | CON-WAY INC., 2211 OLD EARHART ROAD, SUITE 100, ANN ARBOR MI 48105 |
Wayne Shurts | director | SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077 |
Roy W Templin | director | ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17603 |
Michael Joseph Morris | officer: SVP Finance & Treasurer | 2211 OLD EARHART ROAD, SUITE 100, ANN ARBOR MI 19034 |
Matthew J Espe | director | |
Stephen L Bruffett | officer: EVP & CFO | 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313 |
Douglas Stotlar | officer: President & CEO | C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254 |
Herbert J Schmidt | officer: Executive Vice President | 1950 LAKE RIDGE DRIVE, THE VILLAGES FL 32162 |
William R Corbin | director | CON-WAY INC., 2211 OLD EARHART ROAD, ANN ARBOR MI 48105 |
Jennifer Pileggi | officer: EVP, General Counsel & Sec | CNF INC., 2855 CAMPUS DRIVE, SAN MATEO CA 94403 |
Robert Paul Wayman | director | C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304 |
John H Williford | officer: Senior VP | STEUART TOWER, 1 MARKET PLAZA, SUITE 900, SAN FRANCISCO CA 94105 |
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