gross profit

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Related to Gross Profits: net sales, net profits, operating profits

Gross profit

Gross Profit

A company's revenue from sales in a given period of time less its cost of goods sold. Gross profit is easy to calculate and may provide a rough idea of a company's performance. However, it does not account for a number of very important expenses, such as marketing or employee salaries. For that reason, it is not as accurate of a measurement as net profit or EBIT.

gross profit

Total revenue of a business minus the cost of goods it sold. Gross profit does not include income from incidental sources and also excludes selling and administrative expenses. Compare net income.

gross profit

the difference between SALES REVENUE and the COST OF SALES before the deduction of selling, distribution, administration and other costs in the PROFIT-AND-LOSS ACCOUNT.

gross profit

the difference between SALES REVENUE and the COST OF GOODS SOLD. Gross profit less the operating expenses of the business equals NET PROFIT.
References in periodicals archive ?
This decrease was due to a decline in personnel expenses as a percentage of gross profits from 44.
Larry Cobb, CFO stated, "The sizeable increases in revenues and gross profit along with the sizeable reduction in our operating losses are clear evidence of the continuing success of our aggressive acquisition strategy.
6 million for a litigation claim which was partially offset by increased gross profits.
Lesser charges will apply to any licensed betting office/media platform with gross profits of less than pounds 75,000 on horseracing.
The levy for on-course betting is charged at six per cent of gross profits, with a system of lesser charges for a business showing a gross profit of less than pounds 75,000.
Analysis by Energy Insight suggests that if current trends continue, gross profits from Southern Energy's 2,022 MW Pittsburg generating station, for example, could exceed $106 million by the end of the year.
This year's gross profit is projected to widen to $90.
Assume further that such a gross profit tax is, like a VAT, an indirect tax that may, under the GATT, be imposed on imports and rebated on exports.
Instead, they would classify it as a border-adjustable tax on gross profit that is greatly analogous to a payroll tax in combination with an income tax that allows expensing of capital equipment.
The Group will look for other opportunities to introduce more efficient technologies in order to reduce overall production costs and improve gross profit margins.
EnerNorth's consolidated gross profit for the three-month period ending September 30, 2004 was constant at $1.
EnerNorth's consolidated gross profit for the nine-month period ending March 31, 2004 increased 33.