Otis Worldwide Cost of Goods Sold 2019-2024 | OTIS
Otis Worldwide annual/quarterly cost of goods sold history and growth rate from 2019 to 2024. Cost of goods sold can be defined as the difference between beginning and ending inventories for tangible products resulting in an expense that reflects production and sales costs.
- Otis Worldwide cost of goods sold for the quarter ending December 31, 2024 was $2.603B, a 2% increase year-over-year.
- Otis Worldwide cost of goods sold for the twelve months ending December 31, 2024 was $10.004B, a 0.12% decline year-over-year.
- Otis Worldwide annual cost of goods sold for 2024 was $10.004B, a 0.12% decline from 2023.
- Otis Worldwide annual cost of goods sold for 2023 was $10.016B, a 2.57% increase from 2022.
- Otis Worldwide annual cost of goods sold for 2022 was $9.765B, a 3.36% decline from 2021.
Otis Worldwide Annual Cost of Goods Sold
(Millions of US $) |
| 2024 |
$10,004 |
| 2023 |
$10,016 |
| 2022 |
$9,765 |
| 2021 |
$10,105 |
| 2020 |
$8,977 |
| 2019 |
$9,292 |
| 2018 |
$9,189 |
Otis Worldwide Quarterly Cost of Goods Sold
(Millions of US $) |
| 2024-12-31 |
$2,603 |
| 2024-09-30 |
$2,470 |
| 2024-06-30 |
$2,522 |
| 2024-03-31 |
$2,409 |
| 2023-12-31 |
$2,552 |
| 2023-09-30 |
$2,477 |
| 2023-06-30 |
$2,637 |
| 2023-03-31 |
$2,350 |
| 2022-12-31 |
$2,479 |
| 2022-09-30 |
$2,373 |
| 2022-06-30 |
$2,505 |
| 2022-03-31 |
$2,408 |
| 2021-12-31 |
$2,530 |
| 2021-09-30 |
$2,560 |
| 2021-06-30 |
$2,626 |
| 2021-03-31 |
$2,389 |
| 2020-12-31 |
$2,481 |
| 2020-09-30 |
$2,289 |
| 2020-06-30 |
$2,138 |
| 2020-03-31 |
$2,069 |
| 2019-12-31 |
$2,387 |
| 2019-09-30 |
$2,338 |
| 2019-06-30 |
$2,367 |
| 2019-03-31 |
$2,200 |
| 2018-12-31 |
|
| Sector |
Industry |
Market Cap |
Revenue |
| Construction |
Building & Construction Products - Misc. |
$39.128B |
$14.261B |
|
Otis Worldwide Corp. is one of the leading elevator and escalator manufacturing, installation and service provider to commercial, housing associations, government associations, etc. Otis has expanded business in multiple countries across the world in more than 1,400 branches and offices. Raytheon Technologies Corp. completed the tax-free spin-off of Otis Worldwide Corp and Carrier Global Corp. It has 2 reporting segments: New Equipment & Service. The New Equipment segment manufactures, sells and installs a wide range of passenger and freight elevators, escalators and moving walkways for residential, commercial and infrastructure projects. It has developed a range of elevator and escalator solutions, including Gen360 elevator & Gen2 system. The Service segment performs maintenance & repair and modernization services to upgrade elevators, and escalators. It has a maintenance portfolio of more than 2 million units throughout the globe. Otis provides maintenance services to other manufacturers.
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