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The trick is this.
Net income and profit. There are many kinds of profit but only net profit equals income. Net profitability is an important indicator for ecommerce and retail businesses to measure since increases in revenue dont always translate to increased profitability. Net income equals net profit but net income doesnt equal profit in general.
In 2018 the gross margin is 62 the sum of 50907 divided by 82108. If expenses are more than your companys revenues then you have a negative net profit also known as a net loss. Net income is a broader term than gross profit because it represents the total net profit the company generates.
Profit is the net amount left positive after deducting all costs expenses and taxes from the revenue. Its also commonly referred to as net income. Here is the equation.
If revenues exceed expenses then you have a positive net profit. Net revenue only looks at money you earn gross margin only looks at product or service activity and net income looks at everything. They also have a bottom line indicating the difference between revenue and expenses just like for-profit companies.
Net income is also called profits or earnings as well potentially confusing the matter. All of the taxes paid by your business will need to be included with your total expenses when calculating net income. Net Profit Gross Profit Total expenses from operations interests and taxes Net profit can be found on a companys income statement it is further transferred to the organizations balance sheet.
These figures also help you measure your companys financial health when you factor them into profitability ratios which are measurement tools that give you even further insight to aid your decision making. Net Income Total Revenue Total Operating Expenses. Its the amount of money you have left over to pay shareholders invest in new.
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