Definitions for gross profit
gross prof·it

Princeton's WordNetRate this definition:0.0 / 0 votes

1. gross profit, gross profit margin, marginnoun

   (finance) the net sales minus the cost of goods and services sold

WiktionaryRate this definition:0.0 / 0 votes

1. gross profitnoun

   net sales minus cost of goods sold.

WikipediaRate this definition:0.0 / 0 votes

1. gross profit

   For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions). For a firm, gross income (also gross profit, sales profit, or credit sales) is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments. This is different from operating profit (earnings before interest and taxes). Gross margin is often used interchangeably with gross profit, but the terms are different. When speaking about a monetary amount, it is technically correct to use the term gross profit; when referring to a percentage or ratio, it is correct to use gross margin. In other words, gross margin is a percentage value, while gross profit is a monetary value.

ChatGPTRate this definition:0.0 / 0 votes

1. gross profit

   Gross profit is a company's total revenue minus the cost of goods sold (COGS). It represents the profit a company makes after deducting the costs directly associated with producing and selling its products or services. Gross profit does not include other costs such as operating expenses, taxes, or interest payments. It's often shown as a line item on a company's income statement and can be used to calculate the gross profit margin.

WikidataRate this definition:0.0 / 0 votes

1. Gross profit

   In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments. Note that this is different from operating profit. The various deductions leading from Net sales to Net income are as follow:

Matched Categories

1. • Corporate Finance
   • Profit

How to pronounce gross profit?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

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   Australian

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   Australian

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   South African

How to say gross profit in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of gross profit in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of gross profit in Pythagorean Numerology is: 9

Examples of gross profit in a Sentence

1. Atlantic Equities analyst James Cordwell:

   Assuming Android has only generated material revenue since 2010, then these figures would constitute about 10 percent of Google's revenue and 15 percent of its gross profit since that time, this makes sense given mobile is probably about 40 percent of Google’s revenue today, having ramped up from close to zero over the last 5-6 years, with this split between iOS and Android.

2. Hal Reed:

   The generation of gross profit (in U.S. fertilizer sales) comes in the spring season, so there will be a loss.

3. James Kavanaugh:

   Our recurring revenue stream, continued gross profit margin expansion and strong balance sheet and liquidity position remain stabilizing elements in an unprecedented business climate.

4. Chief Executive Jeff Mezger:

   We do not expect to reach our housing gross profit margin goal of 20 percent in 2015.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=gross profit
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Gross_Profit
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Gross_Profit
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=gross profit