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Orion's cost of goods sold for the three months ended in Mar. 2024 was $381 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $1,459 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Orion's Gross Margin % for the three months ended in Mar. 2024 was 24.3%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Orion's Inventory Turnover for the three months ended in Mar. 2024 was 1.35.
The historical data trend for Orion'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.
Orion Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 1,086.70 | 844.10 | 1,160.20 | 1,582.10 | 1,442.90 |
Orion Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 364.30 | 341.70 | 356.00 | 380.90 | 380.70 |
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 $1,459 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.
Orion (NYSE:OEC) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Orion's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (502.9 | - | 380.7) | / | 502.9 | |
= | 24.3 % |
* 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:
Orion's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 380.7 | / | 282.3 | |
= | 1.35 |
* 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 Orion's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Painter Corning F. | director, officer: Chief Executive Officer | 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501 |
Jeffrey Glajch | officer: Chief Financial Officer | GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020 |
Carlos Quinones | officer: Sr. VP Global Operations | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345 |
Robert G. Hrivnak | officer: Chief Accounting Officer | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Sandra Niewiem | officer: Sr. VP Global Specialties | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345 |
Anthony Lynn Davis | director | C/O CONVENE, 530 FIFTH AVENUE, SUITE 702, NEW YORK NY 10036 |
Didier Miraton | director | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345 |
Hans Dietrich Winkhaus | director | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345 |
Yi Hyon Paik | director | ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106 |
Michel Wurth | director | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Pedro Riveros | officer: Sr. VP Global Rubber | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX 77345 |
Dan F Smith | director | 1221 MCKINNEY STREET, SUITE 700, HOUSTON TX 77010 |
Paul E Huck | director | 7201 HAMILTON BLVD, ALLENTOWN PA 181951501 |
Kerry A Galvin | director | 1221 MCKINNEY ST.,, SUITE 700, HOUSTON TX 77010 |
Mary A Lindsey | director | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
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