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Ares Management's cost of goods sold for the three months ended in Dec. 2023 was $391 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Dec. 2023 was $1,539 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ares Management's Gross Margin % for the three months ended in Dec. 2023 was 73.78%.
Cost of Goods Sold is also directly linked to Inventory Turnover.
The historical data trend for Ares Management'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.
Ares Management Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 653.35 | 767.25 | 1,162.63 | 1,498.59 | 1,486.70 |
Ares Management 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 | 360.78 | 367.55 | 367.50 | 390.87 | 412.95 |
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 $1,539 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.
Ares Management (NYSE:ARES) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Ares Management's Gross Margin % for the three months ended in Dec. 2023 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (1490.859 | - | 390.865) | / | 1490.859 | |
= | 73.78 % |
* 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:
Ares Management's Inventory Turnover for the three months ended in Dec. 2023 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 390.865 | / | 0 | |
= | N/A |
* 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 Ares Management's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J Arougheti | director, officer: Co-Founder & President | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Bennett Rosenthal | director, officer: Co-Founder & Senior Partner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
David B Kaplan | director, officer: Co-Founder & Senior Partner | 1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067 |
Ryan Berry | officer: Ptr, Chief Mktg. & Strat. Off. | C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
R. Kipp Deveer | officer: Partner | 245 PARK AVENUE, 44TH FLOOR, NEW YORK NY 10167 |
Ashish Bhutani | director | |
Judy D. Olian | director | 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067 |
Aghili Naseem Sagati | officer: General Counsel | 2000 AVENUE OF THE STARS, LOS ANGELES CA 90067 |
Bush Antoinette Cook | director | NORTHPOINT TECHNOLOGY, 444 N CAPITOL STREET NW STE 645, WASHINGTON DC 20001 |
Antony P Ressler | director, officer: Chairman, CEO, Co-Founder | 1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067 |
Eileen Naughton | director | C/O GOOGLE INC., 76 NINTH AVENUE, 4TH FLOOR, NEW YORK NY 10011 |
Ares Management Corp | officer: Chief Financial Officer | 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Jarrod Phillips | officer: Chief Financial Officer | C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 100167 |
Michael R Mcferran | officer: EVP, CFO & Treasurer | 555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104 |
Michael D Weiner | officer: EVP, CLO & Secretary | 10250 CONSTELLATION BLVD, SUITE 2900, LOS ANGELES CA 90067-6229 |
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