Gross Profit vs Net Profit28 Jun 2023 01:10
Gross Profit only gives you how good a business is at managing, for example, its production, labour costs, raw materials, and any spoilage due to manufacturing.
Whereas Net Profit is much more useful because it determines whether a business is making a profit or not after administrative costs, rent, taxes, etc., etc.
Gross Profit is limited in what it can provide and not useful for giving you the the overall picture.
Whereas, Net Profit gives you the overall picture and a much better picture of what's really going on in the business.
So why would you want to compare gross profit for Warpaint and REVB when they don't give a useful overall picture of their business.
WolfofWarks - is this just another one of your ruses to try to make yourself look more intelligent than you really are.
t4g uses these type of ruses too, when quoting such things like EBITDA.
Even Warren Buffett says EBITDA is a load of nonsense.
t4g and wolfofwarks both think they're brighter than what they really are.
Dangerous to take people like this seriously because they get things wrong.