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Ballys's cost of goods sold for the three months ended in Mar. 2024 was $284 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $1,119 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Ballys's Gross Margin % for the three months ended in Mar. 2024 was 54.04%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Ballys's Inventory Turnover for the three months ended in Mar. 2024 was 18.73.
The historical data trend for Ballys'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.
Ballys Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 185.17 | 138.67 | 535.08 | 1,009.24 | 1,105.18 |
Ballys 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 | 270.01 | 271.22 | 287.17 | 276.78 | 284.26 |
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 $1,119 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.
Ballys (NYSE:BALY) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Ballys's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (618.482 | - | 284.255) | / | 618.482 | |
= | 54.04 % |
* 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:
Ballys's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 284.255 | / | 15.174 | |
= | 18.73 |
* 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 Ballys's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey W Rollins | director | |
Jaymin B Patel | director | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Terrence Downey | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Wanda Y. Wilson | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Lee Kim Barker | officer: EVP, Chief Legal Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Tracy S. Harris | director | C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022 |
Robeson Reeves | director, officer: President, Interactive | 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Craig L Eaton | officer: EVP, General Counsel, Sec. | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
George T. Papanier | director, officer: President and CEO | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Marcus Glover | officer: EVP, Chief Financial Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Standard General L.p. | director, 10 percent owner | 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153 |
Noel Hayden | 10 percent owner | C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU |
Marc A Crisafulli | officer: EVP Government Relations | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Robert M. Lavan | officer: Executive Vice President, CFO | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Stephen H Capp | officer: Executive Vice President, CFO | C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
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