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Clearway Energy's cost of goods sold for the three months ended in Mar. 2024 was $126 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $491 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Clearway Energy's Gross Margin % for the three months ended in Mar. 2024 was 52.09%.
Cost of Goods Sold is also directly linked to Inventory Turnover. Clearway Energy's Inventory Turnover for the three months ended in Mar. 2024 was 2.23.
The historical data trend for Clearway Energy'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.
Clearway Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cost of Goods Sold | Get a 7-Day Free Trial | 337.00 | 366.00 | 451.00 | 435.00 | 473.00 |
Clearway Energy 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 | 108.00 | 118.00 | 134.00 | 113.00 | 126.00 |
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 $491 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.
Clearway Energy (NYSE:CWEN) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
Clearway Energy's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (263 | - | 126) | / | 263 | |
= | 52.09 % |
* 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:
Clearway Energy's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 126 | / | 56.5 | |
= | 2.23 |
* 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 Clearway Energy's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher S Sotos | director | CLEARWAY ENERGY, INC., 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540 |
Global Infrastructure Investors Iii, Llc | 10 percent owner | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Se Totalenergies | director, 10 percent owner | 2 PLACE JEAN MILLIER, ARCHE NORD COUPOLE/REGNAULT, PARIS LA DEFENSE CEDEX I0 92078 |
Emmanuel Barrois | director | 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540 |
Guillaume Hediard | director | 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540 |
Vincent Stoquart | director | C/O SUNPOWER CORPORATION, 51 RIO ROBLES, SAN JOSE CA 95134 |
Totalenergies Gestion Usa Sarl | 10 percent owner | LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400 |
Totalenergies Holdings Usa, Inc. | 10 percent owner | 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002 |
Totalenergies Renewables Usa, Llc | 10 percent owner | 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002 |
Totalenergies Delaware, Inc. | 10 percent owner | 1201 LOUISIANA STREET, SUITE 1800, HOUSTON TX 77002 |
Zephyr Holdings Gp, Llc | director, 10 percent owner | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Gip Iii Zephyr Midco Holdings, L.p. | director, 10 percent owner | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Michael Taft Murphy | officer: CHIEF INVESTMENT OFFICER | 300 CARNEGIE CENTER, SUITE 300, PRINCETON NJ 08540 |
Jennifer Elaine Lowry | director | 2 HOLLINS AVE, BALTIMORE MD 21210 |
E Stanley Oneal | director | MERRILL LYNCH CORPORATE SECRETARY, 222 BROADWAY, 17TH FLOOR, NEW YORK NY 10038 |
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