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WK Kellogg Co's cost of goods sold for the three months ended in Mar. 2024 was $504 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Mar. 2024 was $1,951 Mil.
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. WK Kellogg Co's Gross Margin % for the three months ended in Mar. 2024 was 28.71%.
Cost of Goods Sold is also directly linked to Inventory Turnover. WK Kellogg Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.50.
The historical data trend for WK Kellogg Co'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.
WK Kellogg Co Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Cost of Goods Sold | 2,032.00 | 1,884.00 | 2,064.00 | 2,009.00 |
WK Kellogg Co Quarterly Data | |||||||||||
Dec20 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cost of Goods Sold | Get a 7-Day Free Trial | 540.00 | 486.00 | 496.00 | 465.00 | 504.00 |
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 $1,951 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.
WK Kellogg Co (NYSE:KLG) Cost of Goods Sold Explanation
Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.
WK Kellogg Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:
Gross Margin % | = | (Revenue | - | Cost of Goods Sold) | / | Revenue |
= | (707 | - | 504) | / | 707 | |
= | 28.71 % |
* 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:
WK Kellogg Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as:
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 504 | / | 336.5 | |
= | 1.50 |
* 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 WK Kellogg Co's Cost of Goods Sold provided by GuruFocus.com. Please click on the following links to see related term pages.
Sherry Brice | officer: Chief Supply Chain Officer | C/O WK KELLOGG CO, ONE KELLOGG SQUARE, BATTLE CREEK MI 49016 |
Norma Barnes-euresti | director | ONE KELLOGG SQUARE, BATTLE CREEK MI 49016 |
David Mckinstray | officer: Chief Financial Officer | ONE KELLOGG SQUARE, BATTLE CREEK MI 49016 |
Doug Vandevelde | officer: Chief Growth Officer | ONE KELLOGG SQUARE, BATTLE CREEK MI 49016 |
Gary H Pilnick | director, officer: President | |
Bruce Alan Brown | officer: Chief Customer Officer | ONE KELLOGG SQUARE, BATTLE CREEK MI 49016 |
Michael Corbo | director | C/O COLGATE-PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022 |
Mindy Sherwood | director | C/O WK KELLOGG CO, ONE KELLOGG SQUARE, BATTLE CREEK MI 49016 |
Julio N Nemeth | director | ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
R David Banyard | director | MYERS INDUSTRIES INC., 1293 SOUTH MAIN STREET, AKRON OH 44301 |
Ramon Murguia | director | ONE MICHIGAN AVENUE EAST, BATTLE CREEK MI 49017-4058 |
Kellogg W K Foundation Trust | 10 percent owner | 50 S. LA SALLE ST., B-10, CHICAGO IL 60603 |
Kellogg W K Foundation | 10 percent owner | |
G Zachary Gund | director | 14 NASSAU STREET, PRINETON NJ 08542 |
Ellanova | 10 percent owner | 412 N WELLS ST, CHICAGO IL 60654 |
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