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 ?
In the third quarter, asphalt segment gross profit was $30 million versus $15 million in the prior year.
The increased profitability achieved by single-store operators last year is illustrated in their improved motor fuel gross profit margin as a percent of sales of 6.93 percent.
Gross profit per vine was calculated according to equation 1 (below).
The group said UK gross profit fell to pounds 28.9m from pounds 47.1m in the three months to March 31, while its headcount decreased by 809 to 4,134, largely through natural wastage.
The less gross profit dollars brands contribute to a consolidated organization the less value they possess.
Business income, which will be taxed under the business gross profits tax, would not be included in personal income unless it were actually received.
Gross profits for single-store owners grew just 1 percent last year, hampered by declining fuel margins.
In a trading update, the firm, which operates a financial and legal recruitment office in Liverpool's Edmund Street, revealed a 26.5% increase on gross profits of pounds 142.7m compared with the same period last year.
He was reminded of last year's events, when the industry stats for 2008-09 were published in August, and included the following details for on-course betting: greyhounds turnover pounds 72.90 million, gross profits pounds 7.30m; horseracing turnover pounds 759.30m, gross profits pounds 29.10m; other turnover pounds 12.60m, gross profits pounds 1m.
SPECIALIST recruitment group Michael Page International today reported record second quarter gross profits of pounds 121m - a 38.4% increase on last year.
If only it were possible to take gross profits to the bank.