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Vintage Wine Estates's cost of goods sold for the three months ended in Mar. 2024 was $35.2 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $212.2 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Vintage Wine Estates's Gross Margin % for the three months ended in Mar. 2024 was 22.99%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Vintage Wine Estates's Inventory Turnover for the three months ended in Mar. 2024 was 0.24.
The historical data trend for Vintage Wine Estates'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.
Vintage Wine Estates Annual Data | |||||||||
Trend | Jun20 | Jun21 | Jun22 | Jun23 | |||||
Cost of Goods Sold | 118.29 | 145.39 | 203.92 | 198.05 |
Vintage Wine Estates Quarterly Data | ||||||||||||||||
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 | 51.38 | 45.47 | 48.57 | 82.97 | 35.17 |
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 $212.2 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.
Vintage Wine Estates (NAS:VWE) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Vintage Wine Estates's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (45.665 | - | 35.165) | / | 45.665 | |
= | 22.99 % |
* 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:
Vintage Wine Estates's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 35.165 | / | 144.071 | |
= | 0.24 |
* 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 Vintage Wine Estates's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick A Roney | director, 10 percent owner, officer: Chief Executive Officer | 937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451 |
Timothy D Proctor | director | 301 SOUTH COLLEGE STREET, CHARLOTTE NC 28288-0630 |
Jonathan Sebastiani | director, other: Member of 10% owner group | 937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451 |
Seth Kaufman | officer: President and CEO | C/O VINTAGE WINE ESTATES, INC., 937 TAHOE BLVD, SUITE 210, INCLINE VILLAGE NV 89451 |
Bespoke Sponsor Capital Lp | 10 percent owner | 115 PARK STREET, 3RD FLOOR, LONDON X0 W1K 7AP |
Paul S Walsh | director | 8 HENRIETTA PLACE, LONDON X0 94111 |
Zach Long | officer: Chief Operations Officer | C/O VINTAGE WINE ESTATES, INC., 937 TAHOE BOULEVARD, SUITE 210, INCLINE VILLAGE NV 89451 |
Jon Moramarco | director | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Kristina L Johnston | officer: Chief Financial Officer | 937 TAHOE BLVD., SUITE 210, INCLINE VILLAGE NV 89451 |
Katherine Devillers | officer: Chief Financial Officer | 937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451 |
Terry Wheatley | officer: President | 937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451 |
Harms Mark W.b. | director | 937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451 |
Berner Robert L Iii | director | C/O CHARTERHOUSE GROUP INTERNATIONAL INC, 535 MADISON AVE, NEW YORK NY 10022 |
Lisa M. Schnorr | director | C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020 |
Russell G Joy | officer: Chief Operating Officer | 937 TAHOE BOULEVARD, SUITE 10, INCLINE VILLAGE NV 89451 |
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