gross profit


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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 ?
Third-quarter aggregates segment gross profit was $259 million, or $5.
To illustrate, if a company has a 40 percent gross profit margin (i.
H2: There is no significant difference in the gross profit percentage between oil companies for the past five year period.
For the 43rd levy period, the Tote should contribute as if it were a bookmaker in respect of off-course SP and Tote odds, cash, internet and telephone horserace betting business and, additionally, in respect of Tote Direct, at the rate of ten per cent of gross profits.
Nevertheless, it has exactly the same gross profit tax base as the typical consumer VAT.
Our Information Services gross profits decreased 16.
Institutional investors say DSC manufacturers are battling with declining gross profit margins due to increased labor costs, caused by labor shortage and rising raw material prices.
The higher the gross profit MARGIN, the larger the stream.
Betting shop with gross profit of pounds 150,000 or more: 10%
Wiehoff continued, "Although we had solid results in the fourth quarter, gross profit per business day growth in our largest business, North American truckload transportation, deteriorated as the quarter progressed.
BOLA has commissioned the financial consultants Europe Economics, who worked on the new tax regime, to examine a gross profit levy scheme.
5 percent in our ocean transportation gross profits in the first quarter of 2008 was driven by double-digit volume growth and price increases, offset partially by a decline in gross profit margins.