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Axalta Coating Systems's cost of goods sold for the three months ended in Mar. 2024 was $865 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $3,529 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Axalta Coating Systems's Gross Margin % for the three months ended in Mar. 2024 was 33.15%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Axalta Coating Systems's Inventory Turnover for the three months ended in Mar. 2024 was 1.16.
The historical data trend for Axalta Coating Systems'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.
Axalta Coating Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 2,917.90 | 2,457.90 | 2,987.30 | 3,465.60 | 3,565.60 |
Axalta Coating Systems 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 | 902.00 | 904.40 | 885.50 | 873.80 | 865.00 |
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 $3,529 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.
Axalta Coating Systems (NYSE:AXTA) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Axalta Coating Systems's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (1294 | - | 865) | / | 1294 | |
= | 33.15 % |
* 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:
Axalta Coating Systems's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 865 | / | 746.05 | |
= | 1.16 |
* 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 Axalta Coating Systems's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Hadi Awada | officer: SVP, Global Trans. Coatings | AXALTA COATING SYSTEMS, 2001 MARKET STREET 36TH FLOOR, PHILADELPHIA PA 19103 |
Brian A Berube | officer: SVP and General Counsel | C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210 |
Anthony Massey | officer: VP, Global Controller, PAO | AXALTA COATING SYSTEMS, 2001 MARKET STREET, 36TH FLOOR, PHILADELPHIA PA 19103 |
Robert M Mclaughlin | director | C/O AIRGAS, INC., 259 NORTH RADNOR-CHESTER RD, RADNOR PA 19087 |
Mary Slagle Zappone | director | 10900 NE 8TH ST., STE. 800, BELLEVUE WA 98004 |
Amy Tufano | officer: SVP & CHRO | 50 APPLIED BANK BLVD., SUITE 300, GLEN MILLS PA 19342 |
Deborah J. Kissire | director | 210 E. EARLL DRIVE, PHOENIX AZ 85012 |
William M Cook | director | 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045 |
Kevin M Stein | director | TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114 |
Anderson Carl Douglas Ii | officer: SVP and CFO | C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831 |
Jacqueline Scanlan | officer: SVP & CHRO | HAEMONETICS CORPORATION, 400 WOOD ROAD, BRAINTREE MA 02184 |
Chris Villavarayan | director, officer: CEO & President | C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084 |
Jan Bertsch | director | 3850 HAMLIN ROAD, AUBURN HILLS MI 48326 |
Troy D. Weaver | officer: SVP, Global Refinish | AXALTA COATING SYSTEMS, 2001 MARKET STREET 36TH FLOOR, PHILADELPHIA PA 19103 |
Barry S Snyder | officer: SVP,Chief Ops & Sup Chain Offc | 1200 WILLOW LAKE BOULEVARD, P.O. BOX 64683, ST. PAUL MN 55164-0683 |
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